China is on good path, Kim says

World Bank chief: Beijing's fiscal and monetary policy transparency is bolstering confidence

China has realized the critical importance of communication and the world is going to see more transparency and clarity about China's decision-making, the World Bank president told China Daily on the sidelines of the G20 meeting.

"I met Premier Li Keqiang on Wednesday, and he told me they had realized the importance of communication. A lot of suspicion is that things are happening, but the global community is not sure why things are being done. ... The fact that you tell what exactly your intention is, in terms of fiscal policy, monetary policy, status of structural reform, that kind of communication will go a long way to dispel the doubts," World Bank President Jim Yong Kim said.