China vows further cooperation with IMF

BOAO - Chinese President Xi Jinping on Monday said countries need to enhance coordination on macroeconomic policies while focusing on development issues amid lingering economic uncertainty.

Xi made the remarks while meeting with Christine Lagarde, managing director of the International Monetary Fund (IMF), during the ongoing Boao Forum for Asia annual meeting.

Xi called all countries to strengthen coordination on macroeconomic policies in order to sustain growth, maintain stability and promote employment.

"All countries should work together in times of difficulty and seek win-win results through cooperation at a time when the world economy is experiencing turbulence and volatility," Xi said.

The president stressed the importance of developing issues in order to help developing countries to eliminate poverty and realize sustainable development.

Xi also urged focusing on pressing issues facing the world economy, advising relevant countries to strike the proper balance between current and long-term interests as well as national policies and international responsibilities.

To boost emerging and developing countries' contributions to global economic recovery and growth, Xi expressed his hope that the IMF will improve its governance structure to increase the votes of these countries.

Xi said China will continue to work with the IMF to support and promote reform within the organization.

China plays a crucial role in the world economy, as it has maintained rapid growth momentum, Lagarde said. She also said the IMF attaches great importance to China and expects further cooperation.

She said that against a backdrop of volatile economic recovery, all countries and regions should promote economic growth. She added that international coordination and cooperation are also needed.

The Boao Forum for Asia annual meeting is being held from April 6-8 in Boao, a coastal town in China's southern island province of Hainan.