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Chinese leader urges efforts for sound recovery, sustained development of world economy


DAVOS, Switzerland, Jan. 28 (Xinhua) -- Chinese Vice Premier Li Keqiang on Thursday called for international efforts to promote the sound recovery and sustained development of the world economy in the post-crisis era.

In a keynote speech delivered at the annual meeting of the World Economic Forum (WEF) in the eastern Swiss ski resort of Davos, Li said the theme of the meeting "Rethink, Redesign, Rebuild" embodies the spirit of cooperation and innovation in discussing world economic development in the post-crisis era.

He introduced the measures China had taken in dealing with the international financial crisis, its achievements and China's intended follow-up economic policies.

The vice premier said the crisis did not change the fundamentals or the long-term positive trend of China's economic development.

As a responsible and big developing country, China will stick to the path of peaceful development and mutually beneficial opening-up strategy, work together with other countries to promote a harmonious world with sustained peace and common prosperity, he said.

Li laid out a five-point proposal regarding promoting world economic recovery and sustained development in the post-crisis era.

"First, we should continue to work together and prevail over the crisis," said the Chinese vice premier. The policies of one country can well influence those of others. Only when global economic recovery is achieved can the recovery of national economies be secured, he said.

"Second, we should promote more open market," Li said. The international community should firmly fight protectionist practices, translate commitments into real actions and continue to advance trade and investment liberalization and facilitation, he added.

"Third, we should promote balanced development of the world," said Li. Efforts should be made to strengthen South-South cooperation and North-South cooperation, improve international mechanisms to promote balanced development, scale up assistance to developing countries and realize the UN Millennium Development Goals on schedule so as to deliver the benefits of development to people in all countries.

"Fourth, we should jointly tackle major challenges. This is our urgent task if we want to ensure sound recovery and sustained development of the world economy," he said.

The international community should coordinate actions to meet global challenges like climate change, energy security, food security, public health security and major natural disasters, he said.

"Fifth, we should improve the structure of global governance," Li said. It is universally recognized that there is a need to improve current structures and develop a more fair and efficient structure of global governance that reflects changes in the global political and economic landscape.

The Chinese vice premier also met WEF executive chairman Klaus Schwab on the day, and stressed China's commitment to cooperate with the international community to boost sustained and balanced economic growth in the world.

Li described China's cooperation with WEF over the years as sound and fruitful.

The Chinese cities of Dalian and Tianjin have hosted three summer versions of the Davos forum.

Schwab said that China has played an active and promotive role in boosting global economic recovery and is an important force to be reckoned on.

Schwab expressed his hope that the winter and summer versions of the economic forum would complement each other and attract the participation of trend-setters in such sectors as new energy and new technology to render the fora more influential worldwide.

Li arrived in Switzerland on Monday for a four-day visit. The vice premier also met, on the sidelines of the forum, Swiss President Doris Leuthard, entrepreneurs and executives of companies from various countries.

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