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China to further deepen reform comprehensively, expand opening-up: premier

China

China

China

China to further deepen reform comprehensively, expand opening-up: premier

2024-12-09 20:21 Last Updated At:22:37

China will work harder to expand domestic demand and boost consumption, further deepen reform across the board, steadfastly expand opening-up, and work for the sustained growth of the Chinese economy, according to Premier Li Qiang.

Li made the remarks on Sunday and Monday when meeting respectively with President of the New Development Bank Dilma Rousseff, President of the World Bank Ajay Banga, Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala, and Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, who were in Beijing for the "1+10" Dialogue.

Against the backdrop of an international landscape fraught with instability and changes, Li said, only by strengthening opening-up, cooperation and mutual benefit can countries jointly promote an early recovery and steady growth of the world economy.

Noting that this year the Chinese economy has enjoyed generally stable growth, Li said that China has recently unveiled a package of incremental policies, with market confidence and expectations being significantly enhanced, Li said, adding that China will work to inject more impetus and certainty into global economic recovery and growth.

China supports the continuous expansion of the New Development Bank and is willing to expand project and financing cooperation between the two sides to jointly contribute more to the economic and social development of BRICS countries and developing countries, Li said.

China is willing to strengthen cooperation with the World Bank in international development, loans, knowledge and other fields to improve the quality and efficiency of cooperation, he said.

China supports the WTO in carrying out necessary reforms, promoting the vitality of the multilateral trading system, and safeguarding economic globalization and free trade, according to the premier.

China is willing to deepen cooperation with the IMF and make greater contributions to maintaining global financial stability, promoting common development and tackling climate change, Li noted.

The leaders of the New Development Bank, the World Bank, the WTO and the IMF spoke highly of China's important leading role in safeguarding world peace and development and upholding multilateralism, saying that China has taken measures and achieved remarkable results in promoting economic growth, improving the business environment and expanding opening up to the outside world, bringing impetus and confidence to global economic growth.

They voiced appreciation for China's long-term support for the work of international economic organizations, China's positive contribution to the development of the least developed countries and the Global South, as well as their commitment to developing stronger and more comprehensive cooperative relations with China, and jointly upholding multilateralism and free trade.

China to further deepen reform comprehensively, expand opening-up: premier

China to further deepen reform comprehensively, expand opening-up: premier

The "soft landing" of the China-EU electric vehicle case will greatly boost market confidence and inject new momentum into China-EU cooperation in automobile trade and investment, a spokeswoman of the Ministry of Commerce (MOC) said at a press briefing in Beijing on Thursday.

He Yongqian, the spokeswoman, made the remarks after China and the European Union (EU) agreed on the necessity of providing general guidance on price undertakings for Chinese companies exporting battery electric vehicle (BEV) passenger cars to the EU.

"China and the EU simultaneously announced on Monday that they had achieved positive outcomes following multiple rounds of consultations on the EV case, a development that has drawn wide attention at home and abroad. Industry players from both sides have 'highly welcomed and fully endorsed' the outcome, saying the 'soft landing' of the case is expected to greatly boost market confidence and inject new momentum into China-EU cooperation in automobile trade and investment. Some EU politicians have described it as a positive step toward building a sustainable China-EU trade relationship, and said it demonstrated that resolving trade differences through partnership remains feasible," she said.

"Against the current international backdrop, China and the EU, acting in a spirit of mutual respect and within the framework of WTO rules, have properly addressed the EV case, which is of significant positive importance. The outcome will not only contribute to the sound development of China-EU economic and trade ties and help safeguard the stability of the global automotive industrial and supply chains, but will also send a clear and strong signal that both sides are willing to uphold a rules-based international trading order, setting a good example for countries to resolve differences through dialogue and consultation and injecting greater certainty and positive energy into global economic growth," she said.

"China appreciates the spirit of dialogue showed by the EU side and stands ready to work with the EU, building on the current positive outcomes, to further implement the consensus reached by the leaders of the two sides, maintain dialogue and communication, and support stable industrial and supply chains on both sides, continue to deepen cooperation on the basis of market principles, and make active contributions to the global green transition," she added.

"Soft landing" of China-EU EV case to significantly boost market confidence: MOC spokeswoman

"Soft landing" of China-EU EV case to significantly boost market confidence: MOC spokeswoman

"Soft landing" of China-EU EV case to significantly boost market confidence: MOC spokeswoman

"Soft landing" of China-EU EV case to significantly boost market confidence: MOC spokeswoman

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