These remarksdelivered by Jim Yong Kim, President of the World Bank Group, discuss the Chinese economy, China's global role indevelopment, and the latest report on health care reform. He appreciated China,that remains the largest contributor to world growth sincethe global financial crisis. He talks about the progressmade by China in several reforms, including lower creditgrowth, better regulation of shadow banking, and bettermanagement of local government borrowing and these reformshold the key to its continued economic success. He addresseshuge infrastructure needs that are critical to end poverty,reducing inequality, and boosting shared prosperity in theworld and China's committment to support financiallyfor the same. He concludes by talking about more efficienthealth care system in China that will lead to a healthierpopulation, boost economic growth and become an engine forjob creation.
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