Vice Premier Li Keqiang met with World Bank President Robert Zoellick in Beijing on Monday, vowing joint efforts to facilitate reforms on global economic governance and bridging the North-South gap.

"The outbreak and spreading of the global financial crisis has revealed the drawbacks of the global economy in mechanism, policy and growth pattern," Li said.

"What we are facing has not been a pure economic and financial crisis, thus the international community should jointly explore the correct path for development," he told Zoellick, who is in Beijing to launch a joint study on China's economic opportunities and strategic choices for the years ahead.

Li said China had carried out all-round, win-win and fruitful cooperation with the World Bank over the past 30 years, and in particular, strengthened cooperation in joint studies in recent years.

The vice premier pledged joint efforts with the World Bank and other countries to promote reform on global economic governance and bridging the North-South gap.

Zoellick said the World Bank was ready to further cooperation with China and jointly promote global poverty alleviation and development.

Calling China the world's largest developing country, the vice premier said the country has a long way to go before realizing modernization.

China was speeding up the transformation of development pattern and adjustment of the economic structure as guided by China's 12th Five-Year Plan, he said, adding the country would further facilitate system innovation and expand opening-up, and better safeguard and improve people's livelihoods, to achieve long-term, fast and steady economic growth.

"China's development and expanding of domestic demand would offer more opportunities for the world economy," he added.

Earlier on Monday, Vice Premier Wang Qishan met with Zoellick and both exchanged views on China-U.S. economic ties, the global economic situation as well as coming the G20 Summit in June in Los Cabos, Mexico.

The report, "China 2030: Building a Modern, Harmonious, and Creative High-Income Society" was issued in Beijing on Monday morning by the World Bank and the Development Research Center of the Chinese State Council. It examines China's strategic choices towards 2030 and makes recommendations on the future structure of China's growth model.

(Xinhua News Agency February 27, 2012)