China backs World Bank's Jim Yong Kim

World Bank President Jim Yong Kim speaks at a forum on financial development at the 2016 IMF World Bank Spring Meeting in Washington April 17, 2016.[Photo/Agencies]

China supports Jim Yong Kim's second-term as the World Bank President, China's vice finance minister said on Friday.

Zhu Guangyao, vice-minister of finance, spoke highly of President Kim's efforts in lifting global economic growth and in poverty reduction.

Speaking at a news conference ahead of G20 Summit to be held in Hangzhou, Zhejiang province, Zhu said that China has a built a long-standing cooperation with the World Bank and the nation's economic growth has benefited from the financial support and knowledge provided by the World Bank Group.

Zhu expected that Kim's next term of presidency would continue help the World Bank, as a significant multilateral international financial institution, to further promote the bank's reforms and initiatives.

Jim Yong Kim, 56, is the 12th head of the bank.