On the morning of September 5, 2011, Vice President Xi Jinping met with President of the World Bank Robert B. Zoellick in the Great Hall of the People. The two sides exchanged opinions on the issues of international economic situation and China's cooperation with the Bank.
Xi said that the more than three decades of cooperation between China and the Bank is very fruitful and the latter's fund and intellectual resources have supported China's reform, opening up and modernization. As an important global multilateral development agency, the Bank plays a major role of reducing poverty, promoting development and pushing for the Millennium Development Goals. China will continue to support the Bank to play a bigger part in the global poverty reduction and development undertakings, advance the Bank's governance reform and raise the voice and representation of developing countries.
He pointed out that the next five years will be a crucial period for China to build an all-round well-off society, deepen reform and opening up and accelerate change of the economic growth mode. China will follow the scientific development concept to unswervingly deepen reform, open wider to the outside world, effectively change the economic growth mode and promote the balanced, coordinated and sustainable economic and social development. The Chinese government will further strengthen and improve macro control, pursue the proactive fiscal policy and prudent monetary policy, exert itself to stabilize the overall price level, speed up structural readjustment, energy saving and emission reduction, work hard to guarantee and improve people's livelihood, promote stable and relatively fast economic growth and social harmony and stability and make a good opening for the economic and social progress in the 12th Five-Year Plan period.
Talking about the current international economic situation, Xi noted that the world financial market has experienced turbulences lately and the global economic growth faces serious challenges. The international community should strengthen coordination on macroeconomic policies, jointly boost market confidence, improve the global economic governance through the G20 and other relevant mechanisms and stimulate the recovery and strong, sustainable and balanced growth of the world economy.
Zoellick said that the Bank will as always support China's economic and social development and is willing to cooperate with China to advance the global poverty reduction and development undertakings.