World Bank Group (WBG) President Jim Yong Kim has praised the Chinese government's efforts to stabilize growth and deepen reforms, an official statement said on Friday.
During his meeting with Chinese Premier Li Keqiang on Thursday, Kim applauded measures taken by the Chinese government to stabilize its capital and money markets, according to the statement.
Kim was quoted as saying that he sent three main messages during his three-day visit to China.
First, he believed that the steps taken by the Chinese government to stabilize the capital market are appropriate.
Second, the seven percent growth of the Chinese economy in the second quarter is a big share of the overall global growth and could well be the envy of other countries.
Third, the Chinese government has a solid commitment to continuing reforms.
During the meeting, Li said that China would continue to press ahead with reforms to drive the Chinese economy and ensure that it operates within an appropriate range.
CONTINUED REFORMS
Former World Bank President Robert Zoellick spoke positively of China's recent efforts to stabilize the capital market. Kim, Zoellick's successor, showed a clearer stance when he met with Li.
"I share my predecessor's view and appreciate your efforts," Kim told the Chinese premier.
Kim was the first guest from an international financial institution to visit China after the fluctuations in the Chinese stock market.
"I am deeply impressed by China's commitment to continuing reforms while responding to the market fluctuations," said the WBG president.
Li made it clear to Kim that the recent measures taken by the Chinese government to stabilize the capital and money markets are aimed at creating a fair, open, transparent, and long-term, stable environment for the market-based reforms.
China will continue to advance reforms to drive the Chinese economy and ensure that it operates within an appropriate range, said Li.
HEALTH CARE COOPERATION
An important part of Kim's China visit is to discuss with three Chinese government departments ways to advance health care reform in the country.
According to Kim, China has made great achievements in health care reform in recent years, and is in the middle of a critical period of opportunities.
World Bank experts have made a field study in the city of Sanming, Fujian Province, where an open and transparent system has been set up to redistribute medical revenues, and where effective communication has been carried out with all stakeholders, including members of the general public.
