The Presidency of the People's Republic of China

11/07/2018 | Press release | Distributed by Public on 11/06/2018 17:22

2018/11/07 Coordination urged for macroeconomic policies

During a meeting with major international organizations on Nov 6, Premier Li Keqiang called for more efforts to safeguard the multilateral trading system and strengthen coordination of macroeconomic policies to support the recovery of the global economy and maintain financial stability.

During the '1+6' Roundtable dialogue in Beijing, Premier Li met with World Bank Group President Jim Yong Kim, International Monetary Fund Managing Director Christine Lagarde, World Trade Organization Director-General Roberto Azevedo, Organization for Economic Cooperation and Development Secretary-General Angel Gurria, Financial Stability Board Chairman Mark Carney, and International Labor Organization Deputy Director-General for Policy Deborah Greenfield.

The global economy is recovering from the 2008 financial crisis but faces risks and challenges amid globalization and turbulent financial markets, Premier Li said during the roundtable dialogue.

China is willing to work with other countries to defend free trade, deepen structural reforms and inject vitality into the market, he said.

China's door will open even wider than it has been over the past 40 years, the Premier said.

He elaborated on the Chinese economy, which he said is stable even though it is facing downward pressure.

With good economic fundamentals, China is confident in keeping growth at a reasonable rate and boosting high-quality development, Premier Li said.

He said China will further lower the threshold of market access and import more high-quality goods and services. China has attached great importance to intellectual property rights protection and will further align with international rules to build a world-class business environment that treats all companies equally, he added.