China to continue opening up its mega-market to world: premier
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China signaled its ongoing commitment to maintaining an open market and supporting global economic cooperation during meetings with key international financial leaders in Beijing. Premier Li Qiang met separately with World Bank President Ajay Banga, IMF Managing Director Kristalina Georgieva, and UNCTAD Secretary-General Rebeca Grynspan, who are in China for the “1+10” Dialogue.
Li highlighted the challenges facing the global economy, noting that geopolitical tensions and international trade restrictions have weakened trade and investment flows. “Fragmentation in industrial and supply chains has increased, affecting global economic growth,” he said.
Despite these challenges, China's economy has remained stable and is expected to continue improving during the 15th Five-Year Plan period. Li emphasized measures to expand domestic demand and strengthen the domestic economic cycle, promoting interaction between consumption, investment, supply, and demand.
China is focusing on modernizing its industrial system through intelligent, green, and integrated development, and plans to deepen industrial cooperation with international partners. Li also outlined the government's intention to use proactive fiscal and monetary policies to maintain economic growth within a reasonable range.
In terms of international cooperation, China seeks to enhance collaboration with the World Bank on areas such as knowledge-sharing, pension systems, and renminbi-denominated loans. Support for the IMF Shanghai Center and engagement in IMF quota reform were highlighted as part of China's approach to assisting low-income countries. Cooperation with UNCTAD will focus on sectors including green minerals, digital economy, artificial intelligence, and low-carbon transition.
Banga, Georgieva, and Grynspan recognized China's role in stabilizing global growth and noted that the 15th Five-Year Plan could provide additional certainty for international markets. They expressed interest in strengthening policy coordination with China and exploring joint initiatives in AI, green development, trade, and investment.
For international investors and financial institutions, China's approach underscores continued opportunities in sectors such as green technologies, AI, infrastructure, and trade finance. Maintaining a stable domestic economy can provide a reliable environment for cross-border investment and supply chain planning.
Key Takeaways for International Professionals
Investment Opportunities: Continued market openness in technology-driven and green sectors.
Supply Chain Engagement: Focus on enhancing global industrial cooperation and supply chain efficiency.
Policy and Risk Awareness: Monitoring China's macroeconomic policies provides insight for managing global trade and investment risks.







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