China seeks broader cooperation with IMF

Chinese Vice Premier He Lifeng has expressed hope that the International Monetary Fund (IMF) will continue to exert a positive influence, support the multilateral trading system, further deepen cooperation with China, and inject new vitality into the economic development of China and the world.
He, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks while meeting with IMF Managing Director Kristalina Georgieva in Beijing on Wednesday, reports CGTN. He said China's economy has maintained a steady and sound momentum of growth since the start of this year, and China has the confidence and capability of maintaining sustained and healthy economic development.

Georgieva said that the IMF appreciates China's contributions to the global economy and the strong support the country has provided in establishing the IMF Shanghai Center. The center officially launched its operations on Monday.

The IMF is willing to continue strengthening its cooperation with China, Georgieva said. The head of the International Monetary Fund has urged China to fix its economic imbalances, saying the country of 1.4 billion people is too big to rely on exports for its growth. 

China's global exports have been rising while shipments to the United States have contracted after President Donald Trump hiked taxes on imports from China and many other countries. Earlier this week, Beijing reported its trade surplus for 2025 had already exceeded a record $1 trillion. 

IMF Managing Director Kristalina Georgieva said the heavy reliance on exports risks provoking more moves by its trading partners to curb imports from China.

"(China's) continuing to depend on export-led growth risks furthering global trade tensions," Georgieva told a press conference on Wednesday. "China is now too big to rely on exports as a source for growth… and (it has) a large domestic market that can be a big aspiration for growth in the years to come." 

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