China has pledged to work with other countries, to promote development of the global economy. At the monetary seminar, Chinese Vice Premier Wang Qishan said it's a long and complex process to improve the international monetary system. But they can do it together.

Vice Premier Wang Qishan pointed out that it's necessary to improve the international monetary system, because it's critical to the global economy.

Wang Qishan, Chinese Vice Premier said "The reform and improvement of the monetary system is a requirement of the globalization of the economy. This will help improve the stable development of global trade, ensure the normal flow of capital, prevent big fluctuations in exchange rates and prices. It will ensure the stability of the global financial system."

The Vice Premier added that the world community should base improvements on the current situation. But look to the future to establish and improve steady, reasonable and organized international monetary policy.

Wang Qishan points out the world economy is recovering slowly, but there are lots of uncertainties.

The excessive liquidity in the global market, the fluctuations in the financial and commodity markets, the severe debt crisis in the eurozone, the unrest in the Middle East and the recent disaster in Japan have made the situation worse.

He urges countries around the world to enhance cooperation, to promote a healthy and steady world economic recovery.