Foreign and Military Affairs
Li urges efforts for sound recovery, sustained development
(Xinhua)
Updated: 2010-01-29 20:03
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DAVOS: Chinese Vice-Premier Li Keqiang on Thursday made a five-point proposal to promote the sound recovery and sustained development of the world economy.
It is critical to guarantee such promotion in the post-crisis era, Li said in his speech entitled "Build a Common Future Through Cooperation and Inclusiveness and Promote Sound Recovery and Sustained Development Of the World Economy" at the World Economic Forum Annual Meeting 2010.
Li said that first, we should continue to work together and prevail over the crisis, The storm has not subsided, and we have to continue working together like passengers on a same boat.
In a globalized world, the economies of all countries are interdependent and mutually reinforcing. The policies of one country can well impact those of others. Only when global economic recovery is achieved can the recovery of national economies be secured.
The recent joint response by various countries has reduced the severe impact of the international financial crisis and prevented a serious recession that might have otherwise occurred.
The international financial crisis is not over yet and the foundation for economic recovery is still weak. Continued cooperation among countries is needed to avoid twists and turns and reduce risks in the course of recovery.
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Second, we should promote more open market, Li said. This is the only way forward in our continued response to the crisis. Opening-up can be both bilateral and multilateral. It helps increase cooperation, bolster development and promote prosperity. In this sense, one plus one is, more often than not, bigger than two.
Trade protectionist practice will only exacerbate the economic crisis, slow down the recovery process and ultimately harm the interests of the very countries who apply such measures.
Third, we should promote balanced development of the world, Li said. The goal of opening-up is to achieve development, and development is what we need in order to improve people's livelihood.
