BEIJING: Days after adjusting its zero-Covid strategy, China is telling world trade and financial leaders it is already launching a steady economic recovery and would welcome more international exchanges .

At the 1+6 roundtable, an annual discussion between China and six important international organizations, Premier Li Keqiang promised that the world's second-largest economy would also be able to protect global supply chains and remain investor-friendly.

"We will further streamline logistics to ensure the stable operation of industrial and supply chains," state broadcaster CCTV quoted Li as saying. "We'll also make it easier for people to move around the world."

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China uses the annual dialogue as an important platform to explain its economic policies and position to the world. The two-day meeting is the first time it has been held in person in the last three years and is taking place in Huangshan city of Anhui province.

The meeting was attended by leaders of the Financial Stability Board, the World Bank, the World Trade Organisation, the International Monetary Fund, the International Labor Organization and the World Trade Organisation.

In a press conference on Friday with the heads of other important economic institutions, IMF Managing Director Kristalina Georgieva said, "We very much welcome the decisive actions taken by the Chinese authorities ... to revive growth in China."

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"China's performance matters [not only] to China; it also matters to the global economy."

China's economic slowdown this year, largely attributed to its zero-Covid implementation, has put additional pressure on a world economy already troubled by high inflation, exorbitant interest rate hikes and wars in Russia and Ukraine.

With the rate reaching only 3% in the first three quarters of the year, China has missed its original gross domestic product (GDP) growth target of "about 5.5 percent" for this year.

Although many analysts have cautioned that the impact of the pandemic, as more infections appear, could linger for a quarter or two, Beijing's U-turn in epidemic control has improved economic prospects for 2023.

In a world dealing with the pandemic, the war in Ukraine, and climate change, moving back to zero-Covid "will help address a set of uncertainties," said WTO Director-General Ngozi Okonjo-Iweala at the same briefing.

As a result of the top leadership's commitment to keep stabilization of the economy, employment and price levels as a priority in 2019, the market now expects China to set a GDP growth target of around 5% for next year.

China will soon hold its annual Central Economic Work Conference to set goals for 2023.

Li, 67, who will step down as premier in March after a decade in office, continued to support Beijing's strategy for economic opening-up and reform to maximize long-term growth potential.

He promised that "China's doors will be opened wide."

According to Li, China will pursue macro-policy with all parties to address climate change, promote global economic recovery and promote sustainable development, as well as restructuring global sovereign debt and reducing the risk of debt crisis. Will continue to improve coordination. Georgieva from the IMF the day before.

China, the world's largest sovereign lender to developing countries, has been criticized for what it sees as a lack of involvement in efforts to reduce developing countries' debt burdens.

Li added, "China will fully implement the G20 debt service suspension initiative and cooperate with relevant G20 members to develop and participate in a fair and equitable debt-restructuring plan.

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World Bank President David Malpass, who also met Li, said, "We look forward to China actively participating with us in the comprehensive discussion on sovereign debt restructuring."