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The foundation of the global economic recovery is not yet solid and countries should do all efforts to restore growth, China's Finance Minister Xie Xuren said Tuesday.
"It will be a long and winding path towards a fully installed global recovery," Xie said in Istanbul. "In order to promote global economic recovery and balanced development, countries should continue to strengthen macroeconomic co-ordination, maintain economic stimulus, implement appropriate and responsible fiscal and monetary policies, oppose and resist trade protectionism in any forms."
He noted that in response to the Chinese stimulus measures, there are more positive signs and an up-ward trend in the domestic economy. But, the fragility of the recovery warrants continuation of emergency stimulus measures.
"China will continue with the proactive fiscal policy and moderately eased monetary policy, further implement and improve the policy package, and ensure the achievement of our social and economic development goals," Xie said.
He applauded the World Bank and the International Monetary Fund for playing important roles in promoting world economic recovery and sustainable development as well as maintaining stability of the global monetary and financial system.
Xie urged the World Bank to provide support to developing countries' bottleneck sectors and key areas for economic and social stability. He requested the IMF to continuously improve its governance structure in order to ensure its legitimacy and representativeness.
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