China is about to embark on the next phase of a remarkable economic journey, aimingfor higher quality and more sustainable growth, the IMF chief said Sunday.
"The journey has propelled it to the top tier of the global economy and lifted hundreds of millionsof people out of poverty in a remarkably short period of time," Christine Lagarde, managingdirector of the International Monetary Fund (IMF) told the China Development Forum that kickedoff in Beijing on Saturday.
"This new transformation will come with three key dimensions -- a firm destination, a clearroadmap and a deep sense of global responsibility," Lagarde said.
After showing great economic leadership, especially during the recent global financial crisis,China has its eyes fixed firmly on its next destination -- aiming for "higher quality, more inclusive,and more sustainable" growth, said the IMF chief.
Reform plans that came out of the Third Plenum of the Communist Party of China's 18th CentralCommittee plot a course to this destination. "These reforms are ambitious. They will require harddecisions and tradeoffs, but I am confident that China will rise to the challenge -- as it has alwaysdone," Lagarde said.
"As China's share in the global economy continues to rise, so will its responsibility in supportingthe global common good -- global financial stability, environmental sustainability, and the globalrules of the game. The IMF will be a key forum for this kind of global cooperation, and I welcomea strengthened partnership with China," she added.
Initiated in 2000, the forum is a platform for business and academic leaders to interact withChina's top decision makers and economic planners.
China is about to embark on the next phase of a remarkable economic journey, aimingfor higher quality and more sustainable growth, the IMF chief said Sunday.
"The journey has propelled it to the top tier of the global economy and lifted hundreds of millionsof people out of poverty in a remarkably short period of time," Christine Lagarde, managingdirector of the International Monetary Fund (IMF) told the China Development Forum that kickedoff in Beijing on Saturday.
"This new transformation will come with three key dimensions -- a firm destination, a clearroadmap and a deep sense of global responsibility," Lagarde said.
After showing great economic leadership, especially during the recent global financial crisis,China has its eyes fixed firmly on its next destination -- aiming for "higher quality, more inclusive,and more sustainable" growth, said the IMF chief.
Reform plans that came out of the Third Plenum of the Communist Party of China's 18th CentralCommittee plot a course to this destination. "These reforms are ambitious. They will require harddecisions and tradeoffs, but I am confident that China will rise to the challenge -- as it has alwaysdone," Lagarde said.
"As China's share in the global economy continues to rise, so will its responsibility in supportingthe global common good -- global financial stability, environmental sustainability, and the globalrules of the game. The IMF will be a key forum for this kind of global cooperation, and I welcomea strengthened partnership with China," she added.
Initiated in 2000, the forum is a platform for business and academic leaders to interact withChina's top decision makers and economic planners.
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