Beijing, China — China’s Premier Li Qiang announced ambitious plans to deepen reforms and expand the nation’s opening up to the world, aiming to boost domestic consumption and drive sustained economic growth.
During meetings with leaders of major international organizations—including the New Development Bank, the World Bank, the World Trade Organization (WTO), and the International Monetary Fund (IMF)—Premier Li emphasized China’s commitment to strengthening global cooperation.
“Only by enhancing opening up and cooperation can we jointly promote the recovery and steady growth of the world economy,” Li stated at the “1+10” Dialogue held in Beijing. He highlighted that recent policy measures have significantly boosted market confidence within China.
Li expressed China’s support for the expansion of the New Development Bank and willingness to collaborate on projects that contribute to the development of BRICS nations and other developing countries. He also reaffirmed China’s commitment to working with the World Bank to improve the quality and efficiency of international development efforts.
Regarding global trade, Li advocated for necessary reforms within the WTO to invigorate the multilateral trading system and uphold free trade. He also emphasized deepening cooperation with the IMF to maintain global financial stability and address challenges such as climate change.
The international leaders praised China’s pivotal role in promoting global peace, development, and multilateralism. They acknowledged China’s successful efforts in stimulating economic growth, enhancing the business environment, and opening up to the world, noting that these steps bring confidence to the global economy.
They also expressed appreciation for China’s ongoing support of international economic organizations and its positive contributions to the development of the least developed countries and the Global South.
Reference(s):
China to further deepen reform comprehensively, open up: premier
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