Premier Keqiang Met with Financial Leaders to Discuss Global Economic Situation

Premier Keqiang Met with Financial Leaders to Discuss Global Economic SituationPremier Li Keqiang met with the leaders of six international economic and financial institutions for a 1+6 round table meeting in Beijing. The six major leaders are Jim Yong Kim World Bank Group President, WTO Director-General Roberto Azevedo, IMF Managing Director Christine Lagarde, OECD Secretary-General Angel Gurria, ILO Director-General Guy Ryder and FSB Chairman Mark Carney.

Li together with the six leaders talked about the great depth on the global economic situation and challenges along with the new driving force in the country’s economic transition. The group also answered questions from the media during a press conference. Despite the growing factors in instability and the uncertainty in the global economy, the international market still has the potential for growth and people have the wisdom in overcoming difficulties.  The group must strengthen its confidence and give priority in growing the economy and improving the life of he people and work towards creating a goal of a strong, balance and sustainable growth.
a stable recovery of the world economy still requires a holistic approach in addressing both symptoms and causes and to balance out the short term and medium to long term problems. Expanding the aggregate demand as an appropriate and advance structural reform in the direction of easing regulations while supporting innovation, promoting inclusive growth and improve employment. Flexibility in the fiscal policy and leverage in the role of monetary policy is need in growing the real economy.

Li also pointed out the to have a stable recovery in the world economy is the responsibility of all, and should be cherished and endeavor in upholding a peaceful and stable international environment. Plus to fully support the globalization process and play the dominant role of a multilateral trading system while exercising caution in using restrictive trade measures.

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