On April 9, 2026, Vice Minister of Finance Liao Min visited the headquarters of the Asian Development Bank (ADB) in the Philippines at the invitation of the ADB. During the visit, Liao attended the “Talk China” High-Level Seminar and the Executive Directors’ Colloquium, where he shared China’s experience in high-quality economic development and exchanged views on China-ADB cooperation. 

Liao stated that the ADB has been an important participant in China’s reform and development, while the country has been a major supporter of the bank in fulfilling its mandate, with mutually beneficial cooperation achieved by both sides. Standing at a new starting point of the 40th anniversary of China-ADB partnership, China and the ADB should explore new areas of collaboration and continuously enhance all-round cooperation. 

Liao said that China’s GDP exceeded 140 trillion yuan last year, with economic growth remaining within a reasonable range and its contribution to global economic growth staying at around 30 percent. China has continued to optimize its economic structure, advance green and low-carbon development and digital transformation, and make vigorous efforts to boost consumption and expand effective investment. China is accelerating the implementation of the innovation-driven development strategy, with total factor productivity maintaining steady growth. China will remain committed to managing its own affairs well, firmly advance high-standard opening-up, and inject certainty and stability into the world. 

During the visit, Liao also held a bilateral meeting with ADB President Masato Kanda, during which they had in-depth exchanges on China’s macroeconomic situation and China-ADB cooperation.