China vows economic reforms, global cooperation

By Yasin Gungor

ISTANBUL (AA) - Chinese Premier Li Qiang pledged Monday to deepen economic reforms and expand domestic demand while reinforcing international cooperation, according to statements released by China’s State Council.

Li held a 1+10 Dialogue with the heads of major international economic organizations, including representatives from the New Development Bank, the World Bank, the World Trade Organization (WTO) and the International Monetary Fund (IMF).

He emphasized that strengthening global cooperation is crucial "against the backdrop of an international landscape fraught with instability and changes."

Li expressed support for expanding cooperation with international financial institutions, signaling a willingness to collaborate on project financing, development loans and addressing global challenges like climate change.

He stressed the importance of economic globalization and free trade while promising to contribute to global financial stability.

He also indicated China's commitment to supporting developing economies, particularly the BRICS group’s members, thorough economic initiatives.