China joins OECD Development Centre, strengthens OECD co-operation

OECD Observer

Li Keqiang, premier of the People’s Republic of China, is greeted by OECD Secretary-General Angel Gurría, on a historical official visit of to the organisation, 1 July 2015. OECD

The People’s Republic of China joined the OECD Development Centre on 1 July, in a move described as an important step in support of China’s transformation and transition to a new growth model.

China becomes the 49th member of the Development Centre, which was created in 1961 to help world leaders find policy solutions to stimulate growth and improve living conditions in developing and emerging economies.

China accepted the invitation to join during an historic visit by Chinese Premier Li Keqiang to the OECD, the first to the Paris-based organisation by a Chinese state leader, and coincides with the 20th anniversary of OECD-China relations. China is a key partner of the OECD, alongside Brazil, India, Indonesia, and South Africa, which are already members of the OECD Development Centre.

Li Wei, the president of the Chinese Development Research Centre of the State Council (DRC), accepted the OECD’s official invitation to join the OECD Development Centre, endorsing China’s membership in the centre in the presence of the Chinese premier and OECD Secretary-General Angel Gurría.

Mr Gurría welcomed China’s entry as a “historic and transformative opportunity for mutually beneficial knowledgesharing. Membership recognises both China’s sound experience in development and the Development Centre’s role in convening a policy dialogue between OECD and non-OECD countries to advance policy solutions and best practices for sustainable development.”

“The OECD Development Centre has carried out significant research and dialogue on inclusive growth, economic restructuring, poverty reduction, the United Nations post-2015  agenda, the G20, global value chains and sustainable development and has achieved remarkable results,” stated President Li Wei. “We would like to exchange our experience in development with other members of the OECD Development Centre, including the lessons we have learned”, he added.

“China’s membership in the Development Centre will help strengthen partnerships with governments and institutions in countries throughout Africa, Latin America and the Caribbean, and Central and Southeast Asia”, added Mario Pezzini, director of the OECD Development Centre.

The OECD Development Centre hopes to inform China’s increasing engagement with developing countries and the global community, including through endeavours such as the One Road, One Belt Initiative.

China’s global momentum, including its role in setting up both the Asia Infrastructure Investment Bank and the New Development Bank of the BRICS, its 2016 forthcoming presidency of the G20, and its role in furthering the UN Sustainable Development Goals due to be issued in September, is key to deepening co-operation with the international community and shaping a more inclusive process of globalisation.

China and the OECD
As well as joining the OECD Development Centre, co-operation between the OECD and China was also strengthened, under a Medium-Term Vision Statement and a joint Programme of Work for 2015-16 signed in the presence of Premier Li by Secretary-General Gurría and Chinese Minister of Commerce Gao Hucheng, who is in charge of co-ordinating the Chinese government’s collaboration with the OECD.

The Programme of Work focuses on 20 policy areas, ranging from macroeconomic management and structural reform to regulatory and public governance to green growth. It will also support China’s efforts to further open up its economy.

The OECD will offer its evidence-based expertise, its working methods and its global governance know-how to support China’s G20 presidency in 2016, in particular in the quest for new sources of growth for a more open and more inclusive world economy.

“China and the OECD are each undergoing substantial transformations in the 21st century,” said Secretary-General Gurría. “Today’s agreements are a testimony to our ongoing partnership and to our mutual desire to create better policies for better lives. China’s upcoming G20 presidency 2016 will offer another opportunity to pursue these goals to the benefit of many people around the world.”

For more on OECD work with China, see www.oecd.org/china and in Chinese www.oecdchina.org

For more on China’s accession to the OECD Development Centre, visit www.oecd.org/dev/oecddevelopmentcentreandchina.htm




Economic data

GDP growth: +0.7% Q2 2017 year-on-year
Consumer price inflation: 2.3% Sept 2017 annual
Trade: +1.4% exp, +1.7% imp, Q2 2017
Unemployment: 5.7% Sept 2017
Last update: 14 Nov 2017

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