China has joined OECD's Development Centre and has signed cooperation agreements in order to create better policies.
Chinese Minister of Commerce Gao Hucheng and Secretary-General Gurría signed a Medium-Term Vision Statement and a joint Programme of Work for 2015-2016.
The Programme of Work foresees that China and the OECD will strengthen cooperation in 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.
According to the OECD, these documents state the importance of the OECD-China partnership to help address evolving challenges in the years ahead.
The OECD will offer its evidence-based expertise, its working
methods as well as its global governance know-how to support China,
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. [The] agreements are a testimony to our ongoing partnership and to our mutual desire to create better policies for better lives', said OECD Secretary-General, Angel Gurria.
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