World Bank President Jim Yong Kim speaks at the opening press conference of the 2017 World Bank and International Monetary Fund (IMF) Spring Meetings in Washington DC, April 20, 2017. [Photo/Xinhua]
WASHINGTON — China is still embracing open trade, as the country has lifted millions of people out of poverty through engaging more and more in trade, said World Bank President Jim Yong Kim on Thursday.
"China is a good example (for embracing open trade)," said Kim at the opening press conference of the 2017 World Bank and International Monetary Fund (IMF) Spring Meetings.
Despite the rising protectionism sentiment, China continues to trade with all of its trading partners and work with Latin America, said Kim. He expected China's trade with these countries to go up further in the future.
He considered China's Belt and Road Initiative as "unprecedented". "China has been stepping up and illustrating that it's concerned about development, not just in the neighboring countries or even along the old Silk Road, but globally," he added.
According to Kim, the World Bank is cooperating well with Chinese government and China-initiated Asian Infrastructure Investment Bank (AIIB) on development.
"The One Belt One Road project is an extremely important one for the Chinese government and also for us," said Kim.
Asked about the US administration's skepticism about climate change, Kim said the World Bank will continue to work with governments and private sectors in the world to boost financing for climate change, especially in China, India and Philippines.
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