International economic organizations voice confidence in China's economy: Ministry of Finance

The heads of several international economic organizations expressed confidence in China's economy during a dialogue meeting on Monday, China’s Ministry of Finance said.

China held the "1+10" dialogue in Beijing with the heads of 10 international economic organizations on Monday.

Heads of the 10 international economic organizations included President of New Development Bank Dilma Rousseff, President of World Bank Ajay Banga, Managing Director of International Monetary Fund Kristalina Georgieva, Director-General of the World Trade Organization Ngozi Okonjo-Iweala, and Secretary-General of UN Trade and Development Rebeca Grynspan.

The attending representatives acknowledged China's progress in fostering economic growth and driving structural adjustments. They hoped China would remain a “stabilizer” and “engine” for global economic growth, Liao Min, Vice Minister of Finance said.

"China is enhancing counter-cyclical adjustments with pragmatic and impactful measures to foster sustained economic recovery and growth. The representatives at the dialogue recognized China's achievements in boosting economic growth and advancing structural adjustments,” Liao noted.

China is shifting its growth model from investment-led to one driven by consumption and innovation, and the significant transformation is poised to benefit the global economy, Liao added.

The contribution rate of the Chinese economy to the world economy has consistently hovered at around 30 percent for more than a decade. The underlying logic supporting China's positive economic outlook remains unchanged, and the overall goal and principle of benefiting the world remains unchanged, he said.

China will continue to offer greater certainty and predictability to the global economy through its stable development, Liao noted.

The Political Bureau of the Communist Party of China (CPC) Central Committee on Monday held a meeting in Beijing to analyze and study the economic work of 2025 and arrange Party conduct and anti-corruption work, according to the Xinhua News Agency.

The meeting noted that the main goals and tasks for economic and social development in 2024 will be successfully accomplished, and urged implementing a more proactive fiscal policy and a moderately loose monetary policy next year.