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World Bank Group President Jim Yong Kim’s Remarks at the Opening Ceremony of the First China International Import Expo (English)

Jim Yong Kim, President of the World Bank Group spoke about the following: (i) by embracing reforms and openness in its development model, China has increased its per capita income 25-fold, and more than 800 million Chinese people lifted themselves out of poverty as a result - more than 70 percent of the total poverty reduction in the world; (ii) the escalation of tariffs will negatively affect the entire global growth outlook and slow down the pace of poverty reduction at a time when the Bank can least afford it; (iii) the Bank need to continue to support trade reforms that can deliver greater shared prosperity. That includes removing trade barriers in areas such as services, agriculture, and e-commerce, and reducing subsidies and other measures that distort trade; and (iv) he hope that the discussions at this milestone China International Import Expo will bring new ideas and avenues to pursue reforms, make the global market system work for everyone and the planet, help end poverty, and ensure equality of opportunity for everyone in the world.

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Kim,Jim Yong

World Bank Group President Jim Yong Kim’s Remarks at the Opening Ceremony of the First China International Import Expo (English). Presidential speech Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/475841544680673075/World-Bank-Group-President-Jim-Yong-Kim-s-Remarks-at-the-Opening-Ceremony-of-the-First-China-International-Import-Expo