China to remain ‘biggest engine’ of world economic growth: Xi

(Global Times) -- Chinese President Xi Jinping said on Tuesday China has full confidence in achieving this year’s economic growth target and will continue to play its role as the biggest engine of world economic growth, according to the Xinhua News Agency.

Chinese President Xi Jinping meets with heads of major international economic organisations, who came for the “1+10” Dialogue, at the Great Hall of the People in Beijing.

Xi made the remarks as he met with heads of major international economic organisations, including President of the New Development Bank Dilma Rousseff, Managing Director of the International Monetary Fund Kristalina Georgieva, President of the World Bank Group Ajay Banga, and Director-General of the World Trade Organisation Ngozi Okonjo-Iweala, who came to Beijing for the “1+10” Dialogue. 
During the meeting on Tuesday, Xi said China will further open up to the outside world, proactively align with high-standard international economic and trade rules, and build a market-oriented, law-based and internationalised business environment to provide more opportunities for and share more development dividends with other countries, Xinhua reported.
China is willing to maintain dialogue, expand cooperation and manage differences with the US government, and push bilateral relations forward in the direction of steady, healthy and sustainable development, Xi said, expressing the hope that the US side will work with China in the same direction.
“Tariff wars, trade wars and sci-tech wars go against the trend of history and the laws of economics, and there will be no winners,” Xi said, according to Xinhua.
The foreign guests hailed China’s remarkable achievements, particularly in reducing poverty and fostering new quality productive forces, saying China’s people-centered development philosophy has been proven to be both successful and practical and offers inspiration for the world, Xinhua reported.
China has continued to comprehensively deepen reform, expand opening-up and achieve high-quality development, providing tremendous opportunities to the world, especially countries in the Global South, they said.
Zhou Mi, a senior research fellow at the Chinese Academy of International Trade and Economic Cooperation, said that as the world faces various uncertainties, the dialogue and cooperation between China and major international economic organisations help bring certainty and further assure  that the world’s second-largest economy will continue to play a crucial, positive role for the world economy.
“Many in the international community hold high expectations of China. Amid the uncertain global environment, they hope that China will continue to play an active and positive role in many fields. And this is why this kind of dialogue mechanism between China and major international economic organisations is important,” Zhou told the Global Times on Tuesday.
For their part, the heads of the major international economic organisations said that amid global economic challenges and the rise of unilateralism and protectionism, countries around the world are looking to China with hope and belief that it will remain a key engine of global economic growth, Xinhua reported.
They added that the major international economic organisations stand ready to collaborate closely with China, uphold multilateralism, and safeguard free trade and economic globalisation, according to Xinhua. 

By Times Reporters
(Latest Update December 11, 2024)