China has evolved as a partner of the World Bank in assisting low and middle-income countries by sharing its development experience with them, World Bank Senior Managing Director Axel van Trotsenburg said.
The managing director recently gave a lecture at Peking University in Beijing, where he discussed the World Bank's role in mitigating challenges such as post-pandemic recovery, climate change, supply chain disruption and geopolitical tensions.
In an interview with China Global Television Network (CGTN), van Trotsenburg acknowledged China's contribution to the World Bank's development.
"China has also evolved as a partner. In a sense, it is not only the knowledge sharing within China of its experiences, but also the knowledge sharing outside of China, particularly also the poorer countries, what they could learn from the Chinese experience. And so, what I would argue is that makes for an exciting program, an evolving nature and a continued challenge, because as long as we challenge each other, then you find again new programs in which you could jointly work together. So, this is in my mind, a very important feature, a successful feature, and I hope that will continue that road," he said.
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects.
China evolves as partner of World Bank in assisting developing countries: senior official
Chinese Premier Li Qiang on Tuesday chaired a State Council executive meeting, during which arrangements were made for government work following the Spring Festival holiday and a series of draft policy documents were reviewed.
This year marks the beginning of the 15th Five-Year Plan period (2026-2030), and all departments under the State Council must remain focused on annual goals and tasks, and ensure that the government's arrangements are fully in place, the meeting said.
It said that efforts should be made to support local authorities and enterprises in fostering new growth drivers, and to introduce more targeted policy measures to invigorate market vitality continuously and enhance the people's well-being.
It also highlighted the need to develop the silver economy and strengthen elderly care services. To unleash the consumption potential of senior citizens further, it urged efforts to foster tailored consumption scenarios and business models.
The meeting called for quality improvements and the expanded coverage of elderly care services to ensure the country's senior citizens are cared for well.
It reviewed and adopted a guideline on strengthening firefighting work in local communities, and stressed the need for improved fire safety systems at the community level, as well as strengthened public preparedness for emergencies.
A draft revision of law on water was also discussed and approved in principle, and the decision to submit the draft to the Standing Committee of the National People's Congress for deliberation was made.
Chinese premier chairs State Council executive meeting
