The discussion in the meeting provided some insights into China’s growth model and need to improve competitiveness, particularly in view of the global economic slowdown.
The 2012 Ministerial Council Meeting marks the fifth anniversary of the launching of Enhanced Engagement, aimed at advancing the OECD's relationship with five Key Partners, Brazil, China, India, Indonesia and South Africa. At the 2011 meeting of the OECD Council at Ministerial level (MCM), Members agreed on a Vision Statement which highlighted the priority to be given to developing new forms of partnership and collaboration with each
China and the OECD countries face increasingly similar challenges. We need to deepen our policy exchanges to share our expertise and accumulated experiences, to learn from one another, and to build cooperative solutions at the global level, said OECD Secretary-General.
Innovation is a central element of China’s reform agenda. Chinese innovations have benefited the world throughout history. Today, with the right policy mix, China could continue to inspire new scientific and technological advances, helping to revitalize the global economy.
While China's recent growth trajectory certainly has been notable, the country still faces a number of challenges to build a more inclusive economy as it attains higher levels of prosperity for its citizens, said OECD Secretary-General.
China is becoming an increasingly important player and we need more inclusive global governance so its contribution is crucial. The crisis offers a unique opportunity to build a stronger, cleaner and fairer global economy.
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OECD activities with China
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OECD activities in China
How can government policies move towards increasing agricultural innovation and improving productivity? This OECD conference shared case studies and ideas from Europe, China, United States, India, Africa, Brazil, Australia and New Zealand.