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Meeting between Chinese Premier and World Bank President

Prime Minister of China, Li Keqiang (L) with the President of World Bank, David Malpass (R)

Beijing, 16 December 2021 (GNP/ TDI): Chinese Premier, Li Keqiang held a virtual meeting with the World Bank Group (WBG) President, David Malpass. the virtual meeting encompassed deliberation upon the fiscal and economic policies of China.

During the meeting, Prime Minister Li pledged to stabilize the economic development in a more pronounced role along with ensuring optimization of economic structure as well as pursuing economic reforms, at the same time.

China’s Economic Goal for 2022

He stated that the next year’s economic goal of China is to prioritize stability whilst also pursuing advancement in its economic development. Even though the country’s economy is facing renewed downward pressure because of the current global environment as well as the challenges imposed because of the Covid-19 pandemic, China will persist to seek its goal.

Furthermore, Li Keqiang assured that China will persist to enforce a proactive fiscal approach for the enhancement of efficiency along with embracing a prudent economic policy to assure currency liquidity.

Besides, the Chinese government aims to guarantee that micro, small and medium-sized enterprises through relevant fiscal and financial policies, thrive. The Chinese Prime Minister assured the President of the World Bank (WB) that China is adequately competent to achieve annual economic objectives.

He underscored that China is ready to work with a major multilateral institution of global development such as the World Bank to support the notion of multilateralism as well as strengthen bilateral cooperation and global development with substantial efforts.

China supports the negotiation of the 20th International Development Association (IDA) replenishment and is willing to play an active role in its realization.

The World Bank Group President on his part appreciated the Chinese Prime Minister for extending an invitation to him, for the sixth “1+6” Roundtable. He lauded the stable and persistent economic progress of China. Furthermore, David Malpass welcomed sound cooperation between the World Bank and China.