China’s “1+10” Dialogue: Jointly Exploring New Paths for Global Economic Development

Abstract: This article reports on China’s “1+10” Dialogue with the heads of 10 major international economic organizations, highlighting China’s active role in strengthening communication and collaboration in the process of economic globalization, and its positive contribution to jointly promoting world economic growth and improving global economic governance.

From December 9 to 10, 2024, China successfully hosted the highly anticipated “1+10” Dialogue in Beijing. The heads of ten major international economic organizations, including the New Development Bank, the World Bank, the International Monetary Fund, the World Trade Organization, the United Nations Conference on Trade and Development, the International Labour Organization, the Organisation for Economic Co-operation and Development, the Bank for International Settlements, the Financial Stability Board, and the Asian Infrastructure Investment Bank, were all present to

meet and dialogue with Chinese senior officials. This dialogue not only demonstrated China’s international influence but also provided new ideas and solutions for global economic development.

Background and Preparation for the Dialogue

The global economy currently faces numerous challenges, including sluggish recovery and the resurgence of unilateralism and protectionism. In response, China decided to host the “1+10” Dialogue, aiming to collaborate more closely with international economic organizations to jointly address global challenges and promote healthy and stable development of the world economy.

Core Topics and Discussions at the Dialogue

On the morning of December 9th, Chinese Premier Li Qiang held an in-depth dialogue in Beijing with the heads of ten major international economic organizations. Centered around the theme of “Building Consensus on Development to Promote Global Common Prosperity,” the parties engaged in thorough discussions. These discussions encompassed topics such as seizing opportunities for transformation to drive world economic transformation and growth, China’s further comprehensive deepening of reforms to open up broad prospects for modernization, and strengthening international macroeconomic policy coordination to create an open, inclusive, and non-discriminatory international economic cooperation environment. On the morning of December 10th, Chinese President Xi Jinping met with the heads of the major international economic organizations participating in the dialogue at the Great Hall of the People in Beijing. He attentively listened to speeches made by some representatives and provided detailed responses to their concerns regarding the world economy, the Chinese economy, and global economic governance.

All Parties Highly Praise China’s Economic Development and Contributions

During the dialogue, all participating parties expressed their admiration for China’s economic development achievements and their support for China’s efforts in improving the global economic governance system. Kristalina Georgieva, the President of the International Monetary Fund, stated that China’s steady economic growth has provided important support for the global economic recovery. She praised China’s efforts in improving the global economic governance system and expressed her hope for further cooperation with China in the future to jointly address global challenges.

Peng Anjie, the President of the World Bank, also noted that China has made significant achievements in global poverty reduction and economic development, providing valuable experience for the world. He looks forward to collaborating with China in more areas to jointly promote global economic development.

Looking Ahead: Building a New Chapter in the Global Economy Together

This dialogue, held at a time when China is continuously enhancing its high-level opening up, not only demonstrates China’s determination and actions in promoting global economic development but also provides a platform for countries to strengthen cooperation and jointly address challenges. In the process of its development, China’s underlying logic of economic growth and improvement remains unchanged, and its principle of benefiting the world remains unaltered. In the future, China will work together with other countries to continue to inject more certainty and predictability into the world economy through its stable development, jointly building a new chapter in the global economy.