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Premier Li meets IMF managing director

Updated: Apr 24,2019 9:50 PM     english.gov.cn

Premier Li Keqiang met with Christine Lagarde, managing director of the International Monetary Fund (IMF) on April 24 in Beijing.

Against the backdrop of an international economic situation suffused with uncertainties, Premier Li said, China’s economy saw overall stable development in the first quarter of this year, outperforming expectation.

Having raised its forecast for China’s economic growth, the IMF demonstrates its faith in China, Premier Li said.

Apart from that, China already wised up to the fact that its economy is still faced with downward pressure, and the nation is still the largest developing country, the Premier said.

The government will step up reform and opening-up, streamline administration, and introduce large-scale tax cuts to bring the vitality of millions of market entities into full play.

With a string of reform policies on the way, China will keep economic growth within a reasonable range.

Premier Li said that China is willing to beef up cooperation with IMF, which will benefit the development of both parties, as well as the steady development of the global economy.

Lagarde said she agrees with Premier Li, and IMF increased its economic forecast for China’s economic growth, as its growth in the first quarter was beyond expectation.

The IMF believes that China’s insistence on reform and opening-up, and its measures for tax and fee reduction will boost better development in the future, which will further contribute to the global economy, she said.

State Councilor and Secretary-General of the State Council Xiao Jie also attended the meeting.