Prime Minister Says China Can Meet Key Economic Targets This Year


Chinese Premier Li Keqiang holds the sixth “1 + 6” roundtable in Beijing via video link with heads of major international economic organizations on December 6, 2021. / Xinhua

Chinese Premier Li Keqiang holds the sixth “1 + 6” roundtable in Beijing via video link with heads of major international economic organizations on December 6, 2021. / Xinhua

China has the capacity to achieve the main economic goals and the tasks set for the year, Chinese Premier Li Keqiang said on Monday, noting that the country is able to achieve steady long-term development.

China’s economic development enjoys strong resilience and a solid foundation, Li said when holding the sixth “1 + 6” roundtable in Beijing by video link with heads of major international economic organizations, including the World Bank and the International Monetary Fund (IMF).

In March, China set its GDP growth target of over 6% for 2021, 3.7 percentage points above GDP growth in 2020.

In the first three quarters of this year, the country’s GDP grew 9.8 percent from the previous year, according to data from the National Bureau of Statistics.

Speaking earlier, Vice Premier Liu He said that China’s annual economic growth will likely exceed the stated target.

Despite a slowdown in economic growth in the first three quarters of this year, the IMF and Bloomberg both forecast that the world’s second-largest economy will experience 8% GDP growth this year.

“As the Chinese economy is deeply integrated with the world economy, China will open its doors even more,” said Li, promising to expand the high-level opening and share the new opportunities of its development with the rest of the world.

World Bank Group President David Malpass, IMF Managing Director Kristalina Georgieva and World Trade Organization Managing Director Ngozi Okonjo-Iweala attended the virtual meeting.

(With contribution from Xinhua)


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