Premier Li Qiang calls for a global pledge to open up, while ‘power politics’ runs rampant
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Premier Li Qiang of China called for a global commitment to openness at the China Development Forum on Sunday, amidst rising protectionism. He stated that protectionism is not a solution and advocated for technological progress to drive market growth. Li criticized "power politics" without naming specific countries, highlighting clashes in global ideas and perceptions. He addressed China's trade surplus, emphasizing that trade is mutually beneficial and that China does not seek a surplus. Li also discussed China's efforts to address "involutionary" competition, noting the importance of healthy competition for innovation and efficiency within Chinese firms. The forum took place in Beijing.
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Key Claims (5)
AI-ExtractedProtectionism is by no means a panacea for solving problems.
Premier Li Qiang called for a global pledge to open up.
Power politics is running rampant, acting with impunity.
China's efforts to tackle involutionary competition has yielded positive results.
China has never sought to pursue a trade surplus.
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