On April 24, 2025, the World Bank held the 111th meeting of its Development Committee in Washington, D.C., and approved the report “Employment: The Road to Prosperity”. Minister of Finance and China Director of the World Bank, Lan Fo’an, attended the meeting and delivered a speech. Lan Fo’an stated that currently, trade protection policies pose significant risks to global poverty reduction and development. China calls on international organizations such as the World Bank to advocate the principles of non discrimination and free trade, and jointly maintain an open and cooperative international environment. Lan Fo’an pointed out that China is both a beneficiary and a contributor to global economic integration, and in recent years, China’s contribution rate to global economic growth has remained at around 30%. In the current complex external environment, China will adopt more proactive macro policies to promote the achievement of the annual expected growth target and continue to bring stability and momentum to the global economy. China adheres to the basic national policy of reform and opening up, and has granted zero tariff treatment to all products from the least developed countries that have established diplomatic relations. China is willing to further open its doors and share its super large market with the world to achieve mutual benefit and win-win results.
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