CHINA-LEADERSHIP: CHINESE PRESIDENT XI JINPING CHAIRED MEETING OF HEADS OF MAJOR INTERNATIONAL ECONOMIC ORGANISATIONS ON DECEMBER 10 IN BEIJING
Chairing a meeting of heads of major international economic organizations, attending the
"1+10" dialogue in Beijing, Chinese President Xi Jinping said on December 10, that 'China has
full confidence to achieve this year's economic growth target and will continue to play its role
as the biggest engine of world economic growth'. The People's Daily (December 11) mentioned
the foreign dignitaries as 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 Organization Ngozi
Okonjo-Iweala. In his speech, Xi Jinping briefed the guests on the third plenary session of the
20th CCP CC and said that after more than 40 years of sustained and rapid development, the
Chinese economy has ushered in a phase of high-quality development, contributing around 30
percent to the world economic growth. He assured that 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 internationalized business environment to provide more
opportunities for and share more development dividends with other countries'. He emphasised
that 'China is willing to maintain dialogue, expand cooperation and manage differences with
the U.S. government, and push bilateral relations forward in the direction of steady, healthy
and sustainable development' and expressed the hope that the U.S. 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," he said.
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