Premier says China will meet major economic targets

Premier Li Keqiang said that China has the confidence and the ability to meet its major targets and tasks set for the whole year and achieve sound development over the long run.

China has strong resilience and solid underpinning for its economic development, he said.

Li made the remarks as he held virtually the sixth "1+6" Roundtable with heads of major international economic organizations in Beijing on Monday evening.

According to Li, in China, the number of market entities of all types has exceeded 150 million, and around 70 percet of them are active, which means that over 100 million market entities are in regular operation.

These market entities support the employment of eight to nine hundred million people, and have provided a solid underpinning to economic growth, job creation and improved lives for the people, he said, adding that they are the source of our confidence in overcoming difficulties and challenges.

The premier said that China will continue to advance reform and opening-up to improve its business climate and unleash the vitality of market entities and internal dynamism of development, he said.

Li emphasized that China's reform and opening-up will continue to move forward, and its potential of development will be further unleashed.

The Chinese economy is resilient and has potential and China is able to handle the short-term economic fluctuations and sustain steady and sound economic development for the long run, he said.

The roundtable brought together David Malpass, president of the World Bank Group, Kristalina Georgieva, managing director of the International Monetary Fund, Ngozi Okonjo-Iweala, director-general of the World Trade Organization; Guy Ryder, director-general of the International Labor Organization, Mathias Cormann, secretary-general of the Organization for Economic Cooperation and Development, and Klaas Knot, chairman of the Financial Stability Board.

Participants had in-depth exchanges on promoting world economic recovery and post-COVID sustainable growth, and steady development of the Chinese economy under the theme of "Promoting Strong, Inclusive and Sustainable Growth of the World Economy: From Recovery to Restructuring".