On May 29, 2012, Chinese Vice Premier Li Keqiang met with Klaus Schwab, chairman of the World Economic Forum (WEF), at the Great Hall of the People. Both sides exchanged in-depth views on the current world economic situation, strengthening China's cooperation with the WEF and other issues.

Li spoke highly of the "unique role" played by the forum, which was initiated by Schwab, in promoting global economic and technological exchanges, and in dealing with the international financial crisis. Currently, the global economic situation remains grim and is in a sensitive period of development. Facing the complex global economic situation and its increasing uncertainties, it is essential for the international community to strengthen cooperation, he said. The vice premier called upon the forum to continue providing a platform for exchanges and cooperation and push all sides to seek consensus and build a synergy in jointly coping with global challenges, improving development modes and promoting sustainable development.

Li said the successful cooperation between China and the World Economic Forum has promoted the international community's understanding of China and expanded the channels of cooperation with each other. While continuing to conduct trade, economic and technological exchanges with the outside world, China will pay more attention to deepening cooperation in the fields of brainpower and knowledge, sharing experience on development with other countries to boost win-win development.

Schwab hailed China's important global economic role, promising he will continue to serve China's development with the forum's resources.