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Li Keqiang Meets with Klaus Schwab, Executive Chairman of the World Economic Forum (WEF)

On the afternoon of May 28, 2014, Premier Li Keqiang met at the Diaoyutai State Guesthouse with Klaus Schwab, Executive Chairman of the World Economic Forum (WEF).

Li Keqiang said that the current global economic situation, despite initial progress, remains fragile, and the recovery still faced much uncertainty and instablity. The developed and emerging economies still need to help each other, jointly respond to major challenges in the global economic fields, and consolidate the momentum of world economic recovery.

Li Keqiang pointed out that despite the complicated and severe external situation, the overall Chinese economy has been running smoothly, and the country has made positive progress in structural adjustment. Facing the downward pressure, we stick to seeking progress while maintaining stability, try to gain the initiative, and work to maintain a stable growth, carry out reforms, make structure adjustments and improve the livelihood of the people in a holistic way. We will continue with a proactive fiscal policy, a prudent monetary policy, and enhance policy coordination. We will also maintain policy options, make adjustments at an appropriate time and to an appropriate degree, create a sound development environment and mobilise all circles of the society to attain the expected targets for economic and social development for the year. China is willing to maintain close cooperation with the WEF. Hope the Forum will continue playing a positive role in promoting the mutual understanding between the international community and China.

Klaus Schwab said that the speech delivered by Premier Li Keqiang at the World Economic Forum on Africa was inspiring. It has received positive responses from various parties, and vigorously boosted confidence of African people in countering challenges. China's reform and development is conducive to global economic recovery and growth. The WEF is grateful to China for its support and is willing to enhance cooperation with the Chinese side and play a positive rule in improving the global economic governance and promoting world economic development through such platforms as Summer Davos Forum.

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