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China's economy has forged ahead amid pressures and made new achievements this year, and China will continue to open its door wider to the outside world, and welcomes more foreign companies to explore the Chinese market, Chinese Premier Li Qiang said on Tuesday, when holding the "1+10" Dialogue with heads of major international economic organizations in Beijing, the Xinhua News Agency reported.

The heads of major international economic organizations present at the dialogue were President of the New Development Bank Dilma Rousseff, President of the World Bank Ajay Banga, Managing Director of the International Monetary Fund Kristalina Georgieva, Director-General of the World Trade Organization Ngozi Okonjo-Iweala, Secretary-General of the UN Conference on Trade and Development Rebeca Grynspan, Director-General of the International Labour Organization Gilbert F. Houngbo, General Manager of the Bank for International Settlements Pablo Hernandez de Cos, Chair of the Financial Stability Board Andrew Bailey, President of the Asian Infrastructure Investment Bank Jin Liqun, and Deputy Secretary-General of the Organization for Economic Co-operation and Development Frantisek Ruzicka.

In September, Chinese President Xi Jinping put forward the Global Governance Initiative, offering Chinese wisdom and a Chinese solution for the international community to jointly tackle global changes and address urgent challenges, Li said, per Xinhua. 

The fourth plenary session of the 20th Central Committee of the Communist Party of China deliberated and adopted the recommendations for the formulation of the 15th Five-Year Plan, outlining a blueprint for China's development over the next five years, Li said.

China's economy will maintain its robust and positive momentum, with its overall economic volume reaching new heights, its industrial upgrading creating new space for development, and its mega-market releasing demand in an accelerating manner, the premier said.

Chinese experts said that the meeting once again underscores China's firm commitment to advancing opening-up and cooperation and supporting efforts to enhance the effectiveness of multilateral mechanisms. They added that the country's steady economic momentum and new opportunities driven by industrial upgrading will inject more certainty into global economic growth.

Commitment to opening-up

During the meeting, Li has called for greater mutual opening up among markets, and to avoiding politicizing and overstretching the concept of security in economic and trade issues. He also called on countries to bolster international innovation cooperation, and jointly nurture and expand new growth drivers.

Openness and cooperation is key to solving these problems and an important way to implement the Global Governance Initiative, Li said. He noted that only through open cooperation can countries create a larger space for growth, maintain the stability and smooth flows of industrial and supply chains, and accelerate technological and industrial upgrading.

The heads of major international economic organizations said that China's economy has maintained steady, solid growth over the year, making significant contributions to global economic growth, according to Xinhua. 

The heads of international organizations said they are ready to strengthen communication and collaboration with China in areas such as trade and investment, green development, artificial intelligence, livelihood and employment, financial stability, and sustainable development, and work with China to uphold multilateralism and the free trade system to promote global economic growth.  

The meeting is particularly significant coming against the backdrop of today's complex domestic and international environment, and will help address challenges such as weak global economic growth and rising protectionism, said Zhang Liqing, professor of Economics and director of the Center for International Finance Studies at the Central University of Finance and Economics.

It also carries positive implications for strengthening the role of international economic organizations, improving policy coordination among countries and boosting confidence in tackling shared challenges, Zhang told the Global Times on Tuesday.

Zhang said the fact that the meeting is being held in China itself sends a positive signal of China's commitment to openness and its support for multilateral mechanisms, while also reflecting China's continued efforts to promote global economic governance.

With globalization facing mounting headwinds, strengthening international economic cooperation has become urgent, Xi Junyang, a professor at the Shanghai University of Finance and Economics, told the Global Times. "China's active dialogue with these organizations is expected to facilitate stronger multilateral coordination in economic and financial fields and jointly support the development of globalization," he said.

China is working through a range of policies to ensure the economy pursues progress while ensuring stability, including continuing to expand domestic demand, developing a unified national market, and promoting high-standard opening-up, Xi Junyang noted, adding "these policy signals will be further released at the meeting, injecting more certainty into a volatile global economy."

The latest trade figures released on Monday reflect the resilience of China's economy and foreign trade and will help lay a solid foundation for a stable year-end performance. China's total goods imports and exports in yuan-denominated terms increased 3.6 percent year-on-year in the first 11 months of 2025, according to China Customs data. 

Meanwhile, the overall economy continued to record steady progress this year. China's GDP grew 5.2 percent year-on-year in the first three quarters, data from the National Bureau of Statistics (NBS) showed. "On a global scale, the growth rate places China among the top performers among major economies, solidifying its position as the most stable and reliable driver of global economic growth," an NBS spokesperson said in October. 

Zhang expressed optimism for China's economic prospects next year, noting that central authorities have a clear grasp of current and future development conditions and are deploying targeted, forward-looking policies that will continue to underpin steady growth. 

Long-standing support for multilateralism

In meetings on Monday with China's Commerce Minister Wang Wentao, WTO Director-General Ngozi Okonjo-Iweala spoke highly of China's long-standing firm support for the multilateral trading system, according to the Ministry of Commerce. She commended China's major announcement that it will not seek new special and differential treatment in current and future WTO negotiations, as well as its exemplary role in upholding multilateralism and expanding autonomous unilateral opening-up.

UN Conference on Trade and Development (UNCTAD) Secretary-General Rebeca Grynspan said on Monday at the meeting with Wang that China's four major global initiatives are of great significance to upholding the UN-centered international system, saying the organization stands ready to strengthen practical cooperation with China in green minerals and trade in services, among others.

In terms of global economic governance, China has played an increasingly proactive role in recent years, especially in pushing for reforms to ensure the system better reflects the interests and aspirations of developing countries, Zhang said.

He stressed that China seeks to promote joint efforts for global economic prosperity, monetary and financial stability and sustainable development by advancing pragmatic cooperation, while maintaining the steady development of traditional multilateral economic institutions.

Xi Junyang said China's active promotion of various forms of multilateral cooperation and its commitment to open, mutually beneficial engagement have become notable highlights amid the current globalized landscape, offering insights and solutions for addressing global development challenges and advancing global economic governan