On December 9, Premier of the State Council Li Qiang held the “1+10” Dialogue with President of the New Development Bank Dilma Rousseff, President of the World Bank Group Ajay Banga, Managing Director of the International Monetary Fund Kristalina Georgieva, Director General of the World Trade Organization Ngozi Okonjo-Iweala, Secretary General of the United Nations Conference on Trade and Development Rebeca Grynspan, Director General of the International Labor Organization Gilbert Houngbo, Secretary General of the Organization for Economic Cooperation and Development Mathias Cormann, General Manager of the Bank for International Settlements Agustín Carstens, Chair of the Financial Stability Board Klaas Knot, and President of the Asian Infrastructure Investment Bank Jin Liqun at the Diaoyutai State Guesthouse in Beijing. Participants had in-depth exchanges under the theme “Building Consensus on Development to Promote Global Common Prosperity.”

Premier Li Qiang noted that at present, world economic growth lacks momentum, and economic globalization and multilateralism face obstacles and challenges, which is giving rise to more uncertainties. As President Xi Jinping underscored it is imperative to promote an equal and orderly multipolar world and a universally beneficial and inclusive economic globalization. All parties should put more focus on development, jointly create a peaceful and stable environment for development, improve global governance, keep global industrial and supply chains stable and unimpeded, and foster new drivers for economic growth.

Premier Li stressed that China is a firm defender of economic globalization and multilateralism. For decades, China’s economy has injected strong impetus into the world economy, and its development has demonstrated distinctive features. First, China’s economy is underpinned by a system that ensures steady growth, which is characterized by the principle of seeking progress while ensuring stability and the approach of long-term planning.

We will step up countercyclical adjustments, strengthen macro policy implementation, take multiple measures to expand domestic demand and boost consumption, and work harder to overcome prominent problems, all in an effort to promote sustained economic recovery and growth.

Second, China’s economy has additional space for sustaining growth, and new demands and growth drivers will continue to be formed. We will further deepen reform comprehensively, expedite the building of a unified national market, and promote scientific, technological and industrial innovation to build up the internal drive for economic development.

Third, China’s economy produces positive spillovers, and China is always ready to share development opportunities with the world. We will stay committed to promoting high-standard opening up, adopt more policies of voluntary and unilateral opening up, expand the globally-oriented network of high-standard free trade areas, and continue to foster a market-oriented, law-based and world-class business environment.

The underlying logic supporting China’s positive economic outlook remains unchanged, and the overall goal and principle of benefiting the world remains unchanged—this is the biggest certainty China’s economy provides to the world economy.

Premier Li stressed that China is ready to work with all parties to uphold the basic norms governing international relations and the multilateral trading system. China supports international economic organizations in playing an important role in global governance. It will actively undertake international obligations commensurate with its capabilities, and work with all sides to promote sound and steady development of the world economy.

The heads of international economic organizations applauded China’s major development achievements, and noted that China’s positive economic outlook and commitment to high-standard opening up has provided valuable stability and strong impetus for world peace and development.

They expressed strong confidence in China’s economic transformation and future prospects. All parties are ready to work more closely with China to jointly uphold multilateralism and globalization, prioritize development issues, uphold free trade, increase support for developing countries, address global challenges such as climate change, foster inclusive global growth, and promote shared prosperity and sustainable development.