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Thursday, February 25, 2016, 09:45

China experienced in dealing with risks: Premier

By Xinhua

China experienced in dealing with risks: Premier
World Bank President Jim Yong Kim (left) shakes hands with Chinese Premier Li Keqiang during their meeting at the Zhongnanhai L eadership Compound in Beijing on Feb 24, 2016. (AFP PHOTO / POOL / HOW HWEE YOUNG)

BEIJING - Chinese Premier Li Keqiang said Wednesday the government is experienced in dealing with various risks and has sufficient policies and tools.

Li made the remarks while meeting with the World Bank's President Jim Yong Kim in Beijing.

"We will continue to implement a proactive fiscal policy and prudent monetary policy, as well as an innovation-driven development strategy," said Li.

China is willing to enhance macro policy coordination with international society via the G20 group, he said.

Li praised cooperation between China and the World Bank in such areas as urbanization and reform of pharmaceuticals and the healthcare system.

He called on the two sides to strengthen research on new growth momentum, to help China to maintain medium-high growth and achieve a medium-to-high level of development.

Kim said all major economies should improve macro policy coordination against the backdrop of a weak global economy.

China has maintained relatively fast economic growth by changing and through structural reform, he said.

The World Bank will strengthen policy communication with China and conduct in-depth discussion with China on issues concerning the G20 summit and the development issues that China is interested in, said Kim.

The World Bank is willing to deliver more rational and objective opinions about Chinese economy to international society, he added.

Kim is visiting China for the G20 Finance Ministers and Central Bank Governors Meeting slated for Feb 26-27 in Shanghai.

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