China Pledges Deeper Collaboration With Asian Development Bank
Chinese Premier Li Qiang reaffirmed China's commitment to expanding multifaceted cooperation with the Asian Development Bank (ADB) during a high-level meeting in Beijing on Monday. The discussions with ADB President Masato Kanda focused on addressing global economic challenges and enhancing sustainable development across Asia.
Navigating Global Economic Headwinds
Premier Li highlighted slowing global economic recovery due to geopolitical tensions and protectionism, emphasizing Asia's need for unity. 'Strengthening regional integration and maintaining stable industrial chains are critical,' he stated, urging nations to embrace multilateralism and break down trade barriers.
Strategic Cooperation Priorities
The two leaders outlined key collaboration areas including green finance, low-carbon technologies, elderly care solutions, and digital transformation. Premier Li noted China's readiness to share expertise in poverty reduction and emerging industries with other Asia-Pacific developing economies through ADB platforms.
A Partnership Milestone
With 2024 marking four decades of China-ADB cooperation, Kanda praised China's role in driving regional growth through reforms and global engagement. The ADB plans to leverage this anniversary to scale innovation-focused initiatives and climate resilience projects, aligning with China's development priorities.
