Chinese Premier, IMF chief discuss economy

Added On January 31, 2016

Chinese Premier Li Keqiang on Thursday talked with International Monetary Fund (IMF) Managing Director Christine Lagarde on the phone about the global economic and financial situation and that in China.
Li said that the world economy remains in a complicated situation and is weighed down by a weak recovery and rising uncertainties.
An international consensus, he said, has emerged on the need to bolster growth, take forward restructuring and enhance cooperation.
Li pointed out that alongside the slow-down in growth of the world economy and trade and heightened volatility in international financial markets, China's ability to deliver a medium-high growth of 6.9 percent last year was no mean feat.
The premier said quote "While expanding aggregate demand in an appropriate way, we will vigorously pursue structural reform, particularly supply-side structural reforms".
Lagarde expressed confidence in the steady growth of the Chinese economy through the implementation of effective measures as robust macro policies, structural reform, a coherent exchange rate policy, and enhanced communication with the market.
She said that the IMF will step up communication and cooperation with China to jointly convey to the market the commitment to reform and confidence in growth.