Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

My Favorite China's Brands
Economy

China could achieve major annual economic targets: Premier

December 14, 2021


Abstract : Chinese Premier Li Keqiang said Monday that China could achieve significant annual economic targets. It stands ready to work with the World Bank to enhance cooperation in capital and knowledge to support multilateralism and global development causes.

Chinese Premier Li Keqiang attends a virtual meeting with the president of the World Bank Group David Malpass in Beijing, capital of China, Dec. 13, 2021. (Xinhua/Yin Bogu)

BEIJING, Dec. 13 (Xinhua) -- Chinese Premier Li Keqiang said Monday that China could achieve significant annual economic targets. It stands ready to work with the World Bank to enhance cooperation in capital and knowledge to support multilateralism and global development causes.

Li made the remarks in a virtual meeting with the president of the World Bank Group, David Malpass, in Beijing.

Noting the just-concluded annual Central Economic Work Conference, Li said as the world's largest developing country, China's economic work next year will prioritize stability while pursuing progress.

Facing downward economic pressure, China will prioritize growth, coordinating steady economic growth while archiving structural adjustment and promoting reform, said Li.

Li said China would simultaneously strengthen its confidence and face difficulties. Briefing on China's economic policy, Li underlined that actions would safeguard macroeconomic stability and implement proactive fiscal policies for precision and sustainability.

Prudent monetary policies should be flexible and appropriate, and liquidity should be at a reasonable and ample level, said Li.

China will also continue deploying macro policies in direct response to market entities to stimulate the vitality of market entities and enhance the internal driving force of development, said the Premier.

China will scale up inclusive financial services to help market entities, particularly micro, small, medium-sized firms and household businesses, and increase the resilience and confidence of the Chinese economy, Li said.

Noting that the World Bank Group is a vital multilateral institution in global development causes, Li said the relationship between China and the World Bank Group maintained a healthy development.

China supports the negotiations on the 20th replenishment process of the International Development Association (IDA), said Li, adding that China would play an active and constructive role.

Malpass spoke highly of China's stable economic development and commended the sound relationship between the World Bank Group and China.

Malpass said the World Bank Group stands ready for sustained cooperation with China in mortgages, poverty alleviation, and climate change response.

Malpass expressed his gratitude for China's support for the IDA replenishment negotiations. Enditem

Chinese Premier Li Keqiang attends a virtual meeting with the president of the World Bank Group David Malpass in Beijing, capital of China, Dec. 13, 2021. (Xinhua/Xie Huanchi)

Chinese Premier Li Keqiang attends a virtual meeting with the president of the World Bank Group David Malpass in Beijing, capital of China, Dec. 13, 2021. (Xinhua/Xie Huanchi)

Scan the QR code and push it to your mobile phone

Keyword: economic growth

Reading:

AI-related tech to contribute 70 pct of carbon reduction by 2060: whitepaper

S. China's Guangzhou port launches first Central Asia-bound freight train

Interview: China an open, inclusive country working for shared future, says Brazilian expert

China Development Bank issues 15 bln yuan of bonds for green transportation projects

China's central bank conducts 10 bln yuan of reverse repos

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial