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Li Keqiang Meets with Managing Director Kristalina Georgieva of the International Monetary Fund

2022-12-09 11:53

On the afternoon of December 8, 2022, Premier Li Keqiang of the State Council met with Managing Director Kristalina Georgieva of the International Monetary Fund (IMF), who was in China for the seventh “1+6” Roundtable in Huangshan City, Anhui Province.

Noting that China is a participant in, upholder of and contributor to global economic governance, Li Keqiang said that the country has kept a sound cooperative relationship with the IMF over the years. China will continue to strengthen macro-policy coordination with all parties, including the IMF, to tackle debt, climate change and other global challenges, and make greater contributions to promoting global economic recovery and sustainable development. China will implement the G20’s Debt Service Suspension Initiative (DSSI) in all respects, and work with relevant G20 members to formulate and participate in a fair and equitable debt-restructuring plan.

Li Keqiang pointed out that reform and opening up is an important takeaway from China’s tremendous development achievement. China will stay committed to its fundamental national policy of reform and opening up, keep to the path of peaceful development, and continue pursuing high-level opening up. China will advance the opening up of its service sector on top of the full opening of its manufacturing sector. China will keep the RMB exchange rate basically stable at an adaptive and equilibrium level, which will be conducive to maintaining the stability of international industrial and supply chains.

Georgieva said that the IMF attaches great importance to developing relations with China and commends the Chinese side for recalibrating its COVID response, a move she believes will help boost economic growth. The IMF is ready to work closely with China to step up macro-policy coordination among countries, prevent fragmentation of the world economy, and jointly respond to common challenges such as climate change and debt.

Xiao Jie was present at the meeting.

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