Premier Wen Jiabao said it would continue its active fiscal policy and loose monetary policy in an appropriate
 
Core Tip: Premier Wen Jiabao at the Zhongnanhai on the 1st meeting World Bank President Robert Zoellick, said that China’s economy is in stabilizing rebound a critical period, will not change policy direction; will continue to implement a proactive fiscal policy and moderate liberal monetary policy to implement and enrich the perfect response to the international financial crisis package, efforts to achieve economic and social development target.

September 1 Xinhua Beijing, Chinese Premier Wen Jiabao at the Zhongnanhai on the 1st meeting with World Bank President Robert Zoellick.

Wen said that the current signs of stabilizing the world economy, but full recovery will be slow, tortuous and complex process, countries need to strengthen dialogue and policy coordination, strengthen cooperation and make unremitting efforts. China’s response to the international financial crisis, macroeconomic policies and measures is in line with reality, and it is timely, powerful and effective. China’s economy is in stabilizing rebound a critical period, we will not change policy direction. We will continue to implement a proactive fiscal policy and moderate accommodative monetary policy to implement and enrich the perfect response to the international financial crisis package, efforts to achieve economic and social development target.

Wen pointed out that the root causes of imbalances in the global economy is unbalanced development. The international community should pay special attention to developing countries, especially least developed countries, the difficulties, through increased aid, debt relief, open markets, transfer technology, etc. to narrow the gap between North and South. The Chinese government is willing to strengthen cooperation with the World Bank, in order to achieve the UN Millennium Development Goals and sustainable development in the world and make new contributions.

Zoellick fully affirmed China’s reform and opening up and modernization construction achievements and spoke highly of China taken in response to the financial crisis, fiscal and monetary policy measures, as well as on the global economic recovery play an important role. He said that the World Bank is willing to strengthen cooperation with China in the international development assistance and the reform of international financial organizations, as well as climate change cooperation to jointly cope with global challenges.