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Chinese leader urges efforts for sound recovery, sustained development of world economy
2010-01-31

Chinese Vice Premier Li Keqiang on Thursday called for international efforts to promote the sound recovery and sustained development of the world economy in the post-crisis era.

Chinese leader urges efforts for sound recovery, sustained development of world economy

  Chinese Vice Premier Li Keqiang delivers a speech in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, Jan. 28, 2010. (Xinhua/Xie Huanchi)

In a keynote speech delivered at the annual meeting of the World Economic Forum (WEF) in the eastern Swiss ski resort of Davos, Li said the theme of the meeting "Rethink, Redesign, Rebuild" embodies the spirit of cooperation and innovation in discussing world economic development in the post-crisis era.

He introduced the measures China had taken in dealing with the international financial crisis, its achievements and China's intended follow-up economic policies.

The vice premier said the crisis did not change the fundamentals or the long-term positive trend of China's economic development.

As a responsible and big developing country, China will stick to the path of peaceful development and mutually beneficial opening-up strategy, work together with other countries to promote a harmonious world with sustained peace and common prosperity, he said.

Li laid out a five-point proposal regarding promoting world economic recovery and sustained development in the post-crisis era.

"First, we should continue to work together and prevail over the crisis," said the Chinese vice premier. The policies of one country can well influence those of others. Only when global economic recovery is achieved can the recovery of national economies be secured, he said.

"Second, we should promote more open market," Li said. The international community should firmly fight protectionist practices, translate commitments into real actions and continue to advance trade and investment liberalization and facilitation, he added.

"Third, we should promote balanced development of the world," said Li. Efforts should be made to strengthen South-South cooperation and North-South cooperation, improve international mechanisms to promote balanced development, scale up assistance to developing countries and realize the UN Millennium Development Goals on schedule so as to deliver the benefits of development to people in all countries.

"Fourth, we should jointly tackle major challenges. This is our urgent task if we want to ensure sound recovery and sustained development of the world economy," he said.

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