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Li Keqiang Meets with President of the World Bank Group David Malpass

2019-06-11

On the morning of June 11, 2019, Premier Li Keqiang met at Ziguangge of Zhongnanhai with President of the World Bank Group David Malpass.

Li Keqiang expressed that the cooperation between China and the World Bank Group almost synchronized with China's reform and opening up process. The two sides have conducted innovative, open, transparent and productive cooperation in such areas as loans and know-how over the past nearly 40 years, which is conducive to the development of China and the World Bank Group, and has achieved mutual benefit and win-win results. The prospects for cooperation between the two sides are broad, which will also help promote poverty alleviation in the world, narrow the north-south gap, and achieve sustainable development. The current global economy witnesses increasing uncertain and unstable factors. As a participant, builder and contributor to the current international economic and financial system, China is willing to deepen cooperative partnership with the World Bank Group to send positive signals to the world which are in line with the globalization process and jointly promote global development and prosperity.

Li Keqiang pointed out that as the current international situation is complex and changing, China's economy also faces some risks and challenges. As the world's largest developing country, China is willing to fulfill its due international responsibilities and obligations while doing its own job. China will continue to invigorate the market and promote high-quality development by deepening reforms such as streamlining administration and delegating power, as well as implementing large-scale tax cuts and fee reductions. The Chinese government is committed to creating a market-oriented, law-based and international business environment, which also meets China's own needs of deepening reform and expanding opening up.

David Malpass said that China has made outstanding achievements in economic growth and development, lifted a large number of people out of poverty, and continuously promoted innovative economic development and environmental protection. The World Bank Group is aware that China still faces development needs in many areas, and looks forward to deepening multi-field cooperation with the Chinese side within bilateral framework or globally, so that the two sides can better realize mutual benefit and multi-win results in their cooperation and promote the global development process.

Wang Yi and He Lifeng attended the meeting.

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