China supports int'l organizations in promoting openness in global economy: premier
Li's remarks came as he held the seventh "1+6" Roundtable in Huangshan City, Anhui Province, with President David Malpass of the World Bank Group, Managing Director Kristalina Georgieva of the International Monetary Fund, Director-General Ngozi Okonjo-Iweala of the World Trade Organization, Director-General Gilbert F. Houngbo of the International Labor Organization, Secretary-General Mathias Cormann of the Organization for Economic Cooperation and Development, and Chairman Klaas Knot of the Financial Stability Board.
"China is ready to work with the six international organizations and all parties to chart the course of openness and cooperation and promote steady growth of the world economy," Li said.
He called on major economies and major international economic institutions to draw on the experience of meeting major common challenges such as the international financial crisis, step up coordination on macro policies and international cooperation, and balance inflation prevention and steady growth.
Major economies should take into account the impact on developing economies when adjusting their macro policies, and work together to maintain world economic and financial stability, Li said, stressing the significance of ensuring stable food and energy markets.
Li said trade and investment liberalization and facilitation are the engines of economic growth, benefiting all countries, calling on all parties to uphold multilateralism, support free and fair trade, keep global industrial and supply chains stable and smooth, and jointly promote world economic integration.
Li said China has both benefited from and contributed to worldwide opening up, and is a defender of and participant in the existing international order and economic and trade rules.
Calling for boosting inclusive and sustainable development, Li said the international community should help developing countries pursue development.
China will continue to take part in the G20 Debt Service Suspension Initiative, and hopes that major creditor countries will follow the principle of "common actions and fair burden-sharing" and jointly participate in debt treatment, Li said.
Li said China is committed to the path of peaceful development and stands ready to work with other parties to firmly safeguard the basic norms of international relations underpinned by the purposes and principles of the UN Charter, and to jointly preserve world peace and tranquility.
Heads of international economic organizations attending the event expressed the need to promote mutual opening up, support international trade and investment cooperation, avoid fragmentation of the world economy, foster diversified and resilient international industrial chains, and help low-income countries resolve their debt problems.
They also said their organizations are ready to deepen partnership with China to step up efforts on climate change and sustainable development.