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Li Keqiang Meets with Executive Chairman of the World Economic Forum Klaus Schwab

On the evening of June 26, 2016, Premier Li Keqiang met in Tianjin with Executive Chairman of the World Economic Forum (WEF) Klaus Schwab.

Li Keqiang expressed that the Summer Davos Forum has played an active role in promoting exchanges and cooperation between China and the world since it was first held 10 years ago. This year's forum carries the theme of "the Fourth Industrial Revolution and Its Transformational Impact", complies with the development trend of a new round of scientific and technological revolution and industrial reform, and is conducive to expanding perspectives and accumulating consensus for the transformation and upgrading of all countries' economic structures.

Li Keqiang pointed out that as all economies are highly interdependent in the current world, no country can stay out and be immune to the risks and challenges. The increase of unstable and insecure elements in a certain country or a certain region can cause the "Butterfly Effect", which will in turn exert influence and even an impact on the world economic recovery and the stability of financial markets. This requires all countries to enhance coordination, work together to address difficulties and challenges, safeguard peace and stability, push forward reform and innovation, and stick to opening up and inclusiveness, so as to better realize a robust, sustainable and balanced growth of world economy.

Klaus Schwab expressed that the WEF has established a good partnership with China. The WEF will fully support the Chinese government in promoting reform and innovation, and believes that China's strategies, including the transformation and upgrading of the manufacturing industry, will provide new impetus for the country's development.

Yang Jing attended the meeting.

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