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Li Qiang Meets European Central Bank President Lagarde: China is willing to strengthen cooperation with the European Central Bank in international monetary system reform, etc.

Breakings ·  Jun 12 19:34

Premier Li Qiang of the State Council met European Central Bank President Lagarde at the Great Hall of the People in Beijing on the afternoon of June 12.

Li Qiang said that the current Sino-European relationship has become one of the most important bilateral relationships in the world. This year marks the 50th anniversary of the establishment of diplomatic relations between China and Europe. Last month, **** exchanged congratulatory messages with President Costa and President von der Leyen to provide strategic guidance on further deepening the partnership between the two sides. The essence of Sino-European relations is mutual benefit and win-win situation, and strengthening cooperation between the two sides is an objective need and general trend. China is ready to continue to work with the European side to consolidate mutual political trust, expand practical cooperation, and jointly promote development and prosperity, which will not only achieve each other's achievements, but also benefit the world.

Li Qiang pointed out that the economies of China and Europe are highly complementary. China has the advantage of a hyperscale market and continues to unleash market potential, and China and Europe have great potential for cooperation in many fields. China is ready to strengthen market connectivity and industrial collaboration with Europe to add more impetus to their respective development. In the current context of economic globalization facing negative currents, only cooperation is a win-win situation. As two major economies and two major forces, China and Europe should closely coordinate multilaterally, promote open cooperation, and make greater contributions to the recovery of the world economy and the improvement of global governance. China is ready to strengthen cooperation with the European Central Bank in areas such as the reform of the international monetary system. This year, China has implemented a more active and promising macroeconomic policy, stepped up countercyclical adjustment efforts, and taken more measures to expand domestic demand and boost consumption, which can fully hedge against the impact of adverse external factors. China will resolutely expand its openness and share development opportunities with other countries.

Lagarde said that in the current uncertain international situation, it is very important for Europe and China to maintain high-level contacts, dialogue and cooperation. Europe and China share common responsibilities in many areas, such as maintaining global financial stability and promoting the development of international trade. A tariff war and a trade war will only be a win-win situation; adhering to multilateralism and strengthening open cooperation is the right choice. China's innovative development and enterprise competitiveness in recent years have been impressive. The ECB is pleased to establish a central bank governor meeting mechanism and hold its first meeting with China. It is committed to strengthening communication and coordination with Chinese financial institutions, expanding and deepening areas of cooperation, jointly addressing global challenges, and injecting more stability and certainty into the world. (Xinhua News Agency)

The translation is provided by third-party software.


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