Beijing (TDI), December 10th (AMSP/CGTN) – – Heads of key international economic organizations expressed confidence in China’s economic resilience and future prospects during the “1+10” dialogue held in Beijing, the Ministry of Finance said on Monday.
The event brought together leaders from ten major global institutions, including New Development Bank President Dilma Rousseff, World Bank President Ajay Banga, IMF Managing Director Kristalina Georgieva, WTO Director-General Ngozi Okonjo-Iweala, and UNCTAD Secretary-General Rebeca Grynspan.
China’s economic reforms, structural adjustments, and efforts to shift its growth model from investment-led to one driven by consumption and innovation were lauded by the attendees.
Liao Min, Vice Minister of Finance, described China as a stabilizing force and a key driver of global economic growth.
“China is adopting pragmatic measures to ensure sustained recovery and development, with its economic contribution to the global economy consistently around 30% over the last decade,” Liao stated.
He emphasized that the country’s commitment to global economic stability and predictability remains steadfast.
The Political Bureau of the Communist Party of China also met on Monday to outline economic priorities for 2025.
The meeting stressed achieving the 2024 development goals with a more proactive fiscal policy and moderately loose monetary measures to foster growth.
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