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    International Monetary Fund (IMF) Managing Director Christine Lagarde attends the session Where Is the Chinese Economy Heading? of the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland in this January 21, 2016 file photo

    IMF Head Discusses Global Economic Challenges With Chinese Leadership

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    International Monetary Fund (IMF) Managing Director Christine Lagarde said on Tuesday she discussed existing global economic challenges with the Chinese leadership during her visit to Beijing for the "One Belt, One Road" forum.

    WASHINGTON (Sputnik) — The IMF chief noted that the fund was encouraged by the resilience of the Chinese economy and the steps Beijing has taken to address financial risks.

    "In my meetings with President Xi [Jinping], Premier Li [Keqiang] and other leaders, we exchanged views on the global economy, how to strengthen cooperation to tackle global challenges, and the role of the IMF in supporting its member countries," Lagarde stated in a release.

    On May 14-15, the Chinese capital hosted a high-level forum on international cooperation within the "One Belt, One Road" strategy. The heads of 29 states and governments, as well as other senior officials took part in the event.

    In 2013, Beijing announced its new strategy of economic development, which aims to establish infrastructure in Eurasia for the creation of a trade corridor that will directly supply goods from the eastern to the western part of the continent on favorable terms. It encompasses two main directions of development, the Silk Road Economic Belt and the Maritime Silk Road.


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