China's Dominance

China Pledges High-Quality Development to Boost Global Economic Recovery

Main image to the post China Pledges High-Quality Development to Boost Global Economic Recovery

China's Premier Li Qiang has pledged to implement pragmatic measures to foster high-quality economic development, contributing to global economic recovery and stability. At the China Development Forum 2024, Li emphasized China's commitment to expanding openness and creating opportunities for international cooperation.

Despite challenges, the Chinese government has implemented policies to address obstacles to growth. Senior officials have engaged with foreign business leaders to bolster investor confidence in the Chinese market. Li assured participants that China's economy remains resilient and dynamic, with fundamentals supporting long-term growth.

To drive economic growth, China will focus on expanding domestic demand, developing a unified national market, promoting urbanization, and encouraging equipment renewal and consumer goods trade-ins. Additionally, the country will accelerate the construction of a modern industrial system, fostering innovation and upgrading traditional industries.

Li stressed the importance of risk prevention and control measures to ensure the long-term health of the economy. China will deepen reforms, improve government efficiency, protect enterprise rights, and promote institutional opening-up to enhance its integration with the global economy.

The premier pledged to create a world-class business environment governed by a sound legal framework. The opening ceremony of the China Development Forum 2024 was attended by international experts, business leaders, and government officials, including World Bank President Ajay Banga and IMF Managing Director Kristalina Georgieva.

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May 21, 2023 | 05:09