China’s Premier Li at World Economic Forum in Tianjin is dissing Trump
China’s Premier Li at World Economic Forum in Tianjin:
- The world economy and international economic and trade cooperation once again face new difficulties and challenges
- Current economic and trade system is becoming more diverse, the structure of international trade is also undergoing continuous adjustments
- The risk of fragmentation in global industrial supply chains is on the rise
- Some countries and regions are interfering with the international market division of labour, citing the need to mitigate risks
- There are some disruptive factors continuously impacting the international economic and trade landscape, while there are also some positive forces actively seeking to establish common ground
- In the process of participating in the reshaping of international economic and trade rules and order, it is essential to follow the ‘right path’ and align with ‘prevailing trends’
- Economic globalisation moves forward with ‘twists and turns’, spiraling upwards
- In the process of participating in the reshaping of international economic and trade rules and order, it is essential to follow the ‘right path’ and align with ‘prevailing trends’
- It is essential to proactively implement more practical measures, uphold free trade and multilateralism
- China is willing to work with other countries around the world to actively seek common ground while reserving differences
- We should adhere to principle of joint deliberation and sharing, strengthen macro-policy coordination, and safeguard stability of global industrial and supply chains
- China will continue to enhance global connectivity and promote sustainable development
- China will actively participate in G20, BRICS
- Judging from key indicators, China's economy showed a steady improvement in Q2
- Regardless of how the international environment evolves, China's economy has consistently maintained a stron momentum for growth
- We are confident in out ability to maintain a relatively rapid growth rate for China's economy
- Aim for China to transition from a major manufacturing power to a mega consumer market
- That will open up vast, untapped markets for businesses in various countries
- Willing to share original technologies and innovative scenarios with various countries
- Hope all will engage in activities that benefit greater good, abide by market principles in all endeavors, persist in doing the ‘right thing’
- Urges all parties refrain from politicising and securitising economic and trade issues excessively
- Oppose decoupling, and focus on long-term goals
- China government to encourage and support entrepreneurs
- Calls on all countries to oppose decoupling, supply chain disruption
- Warmly welcomes enterprises from all over the world to invest in China, establish a strong foothold here
I bolded a few of those points above that caught my eye. 'Mega consumer market' will be something exporters TO China would like to see.
