China Determined to Hit Economic Targets Despite Challenges

(MENAFN) China remains assured of meeting its economic objectives despite confronting obstacles and adverse conditions, Chinese Premier Li Qiang declared Tuesday, state-run media reported.

Li delivered these statements during the "1+10" Dialogue with leadership from prominent international economic institutions in Beijing, media reported.

The World Bank upgraded its economic expansion projection for China in October to 4.8% for 2025, approaching Beijing's estimated growth target of around 5%.

China's economy has forged ahead amid pressures and made new achievements this year, Li said, noting that the global economy in 2025 moved forward through twists and turns and against headwinds.

Li addressed the dialogue featuring representatives from the World Bank, the International Monetary Fund, the World Trade Organization, UN Trade and Development (UNCTAD), the International Labour Organization, the Bank for International Settlements, the Financial Stability Board, the Asian Infrastructure Investment Bank, and the Organization for Economic Cooperation and Development (OECD).

"We are confident and capable of accomplishing the whole year's economic and social development goals and tasks," Li added.

The Chinese premier called for improving global economic governance and maintaining international trade order and emphasized maintaining openness and cooperation.

China will continue to open its door wider to the outside world and welcomes more foreign companies to explore the Chinese market, he added.

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