China Ready to Work with International Community to Bring Global Economy Back to Normal: Li Qiang

Translation. Region: Russian Federal

Source: People's Republic of China in Russian – People's Republic of China in Russian –

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Source: People's Republic of China – State Council News

RIO DE JANEIRO, July 8 (Xinhua) — Chinese Premier Li Qiang said Monday that China is ready to work with the international community to achieve a speedy recovery of the global economy.

Li Qiang made the remarks during a meeting with World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala on the sidelines of the 17th BRICS summit.

World trade has undergone significant changes with the rise of unilateralism and protectionism, which has seriously affected the international economic and trade order and created serious challenges for the world economy and the development of countries, Li Qiang said.

Against this backdrop, the international community is increasingly calling for the protection of the multilateral trading system and placing increasing hopes on the WTO to play a more active role, he added.

Noting that economic globalization is an irreversible trend of history, Li Qiang said China will, as always, continue to practice and safeguard multilateralism and free trade, actively support the reform and development of the WTO to restore its authority, speed up the improvement of trade rules, and push for more concrete results from the 14th WTO Ministerial Conference.

Li Qiang noted that China has abundant resources and means to counter adverse external influences, and is confident and capable of promoting sustainable and healthy economic development.

This year, China has implemented more proactive and effective macroeconomic policies, advanced the strategy of expanding domestic demand and launched special initiatives to boost consumption, he said, noting the huge growing demand driven by a super-large market of more than 1.4 billion consumers.

China, Li Qiang added, will take further measures for voluntary and unilateral opening-up, strictly abide by the principles and market rules of the WTO, and continue to share development opportunities with other countries to bring positive energy to the world. -0-

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