On December 9, Chinese Premier Li Qiang hosted a landmark “1+10” dialogue in Beijing, bringing together the heads of ten major international economic organizations, including the World Bank, the International Monetary Fund (IMF), and the World Trade Organization (WTO). Under the theme “Building Consensus on Development to Promote Global Common Prosperity”, the dialogue aimed at fostering collaboration and addressing the challenges facing the global economy.
The meeting underscored China’s commitment to empowering emerging markets and reducing economic polarization. According to Qu Qiang, a fellow at the Belt and Road Research Center at Minzu University of China, China is stepping up to assume greater responsibility on the international stage. “China’s proactive engagement in this dialogue demonstrates its dedication to fostering inclusive growth and supporting the development of emerging economies,” Qu said.
The “1+10” dialogue served as a platform for open discussions on strategies to promote shared prosperity and sustainable development. Participants exchanged views on enhancing cooperation, addressing global economic uncertainties, and exploring innovative solutions to common challenges.
China’s initiative to convene this dialogue reflects its ongoing efforts to strengthen international partnerships and contribute to global economic stability. By engaging with key international organizations, China seeks to build consensus and work collaboratively towards a more equitable economic landscape.
“In today’s interconnected world, it is vital for nations to come together to address economic disparities,” Qu added. “China’s leadership in this dialogue is a significant step towards achieving that goal.”
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Analyst: China steps up to empower emerging markets at '10+1' dialogue
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