November 11th (AMSP/CGTN) – – The Ministry of Finance has held a press briefing following the “1+10” dialogue. At the press briefing held by the Ministry of Finance on the 9th, Vice Minister of Finance Liao Min said the heads of international economic organizations are full of confidence in the transformation and future of China’s economy.
At the press conference, Vice Minister of Finance Liao Min responded to a question from CGTN, stating that participants offered relevant suggestions for the current global economic situation.
“At this crucial juncture for global development, the heads of attending international economic organizations provided key policy recommendations: first, to strengthen international macro policy coordination; second, to firmly oppose protectionism and unwaveringly promote economic globalization; third, to jointly create a peaceful and stable development environment; fourth, to seize opportunities for change, encourage the digital economy, green development, scientific and technological innovation, and digital trade, and continue to stimulate new drivers of economic growth; and fifth, to promote the international community to provide more assistance to developing countries, insist on ensuring and improving employment and livelihoods in development, and promote global common prosperity,” said Liao Min.
In addition, at the press conference, Liao Min also outlined the views of the heads of international organizations on China’s economy.
“We have increased counter-cyclical adjustments and taken pragmatic and strong measures to promote the continuous recovery and improvement of the economy. Participants affirmed the positive progress made by China in supporting economic growth and promoting structural adjustments. China is transitioning from an investment-driven growth model to a consumption and innovation-driven growth model, and the successful transformation of China’s economy will benefit the global economy,” said Liao Min.
Liao Min said the dialogue highlighted the three key words “commitment,” “support,” and “cooperation.” Ten heads of international economic organizations participated in the dialogue, focusing on the theme of “building consensus for development and promoting global common prosperity.”