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Li Keqiang Meets the Press with the Leaders of Major International Economic Institutions

2020-11-25

On the evening of November 24, 2020, Premier Li Keqiang met the press at Diaoyutai State Guesthouse with the leaders of the six major international economic institutions after the fifth "1+6" Roundtable. The leaders were President David Malpass of the World Bank Group, Managing Director Kristalina Georgieva of the International Monetary Fund, Deputy Director-General Alan Wolff of the World Trade Organization, Director-General Guy Ryder of the International Labor Organization, Secretary-General Angel Gurria of the Organization for Economic Cooperation and Development, and Chairman Randal Quarles of the Financial Stability Board.

Li Keqiang said it is an effective and successful dialogue. They discussed global economic situations at the roundtable, and agreed that there exist many uncertainties in global economic recovery. The international community needs to strengthen cooperation to meet the challenges and promote the growth and recovery of the world economy soon in next year after the severe recession this year. We all agreed to uphold multilateralism, maintain the authority and validity of the multilateral trading system, and safeguard the stability of the global industrial and supply chains. Liberalization and facilitation in trade and investment is a strong force that would drive the world out of the economic slump. Focusing on the post-pandemic era, China stands ready to push ahead greater and deeper cooperation with major international organizations, and support them to play an important role in global governance, for global development and people's well-being in all nations.

Li Keqiang introduced China's policies to help enterprises out of difficulties and stimulate their vitality against the shocks of COVID-19, and pointed out that these policies have proved applicable and effective. China is confident in reaching positive economic growth this year, and expressed expectations for the economic performance to come back into a reasonable range next year.

Li Keqiang stressed that China is still the largest developing country in the world, and development is the basis and key to tackling all problems. We will be concentrated on development and handling affairs of our own, which is the greatest contribution to the world. As the Chinese economy has been deeply integrated in the world economy, the country will promote greater opening-up while expanding domestic demands, to share opportunities with all countries.

State Councilor and Secretary-General of the State Council Xiao Jie, and Vice Chairman of the CPPCC National Committee and head of the National Development and Reform Commission He Lifeng participated in the event.

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