Economy

Wen: China to enhance coordination with IMF

(Xinhua)
Updated: 2010-10-19 22:36

BEIJING - China on Tuesday vowed to enhance coordination with the International Monetary Fund (IMF) to continuously push forward the reform of the global economic and financial systems.

Related readings:  Appreciation must proceed 'gradually'  IMF meeting fails to resolve currency fears  Currency tensions to continue  China calls on G20 to draw on developing nations' experience

"Currently the world economy is recovering slowly, but the outlook still remains uncertain," Chinese Premier Wen Jiabao said while meeting with visiting IMF Managing Director Dominique Strauss-Kahn in Beijing.

To completely get over the global financial crisis and realize sustainable development requires the international community to follow a path for mutual benefits and common development, face up to what caused the financial crisis and step up reform of the global economic and financial systems, he added.

Praising China's counter measures against the crisis as "correct", Strauss-Kahn said the IMF values China's position and role and would like to build closer ties with the country.

He called on countries to help one another to consolidate the growth momentum of the world economy.

In an earlier meeting with Strauss-Kahn, Vice Premier Wang Qishan urged timely adjustments to global economic rules and standards to keep pace with the development of the global economy.

"The developing countries and emerging economies should have more say in the process," he added.

He said the international community should work closely to ensure a success of the upcoming G20 Seoul Summit.

In response, Strauss-Kahn said the IMF would continue to strengthen cooperation with China and increase the country's representation and voice in the organization.