The remarks made by Chinese Premier Li Qiang at the World Economic Forum’s “Summer Davos” meeting in Dalian, China, highlighted the country’s advancements in technology while criticizing efforts to restrict global cooperation. His defense of China’s technological development comes at a time when tensions are rising with the EU over imports of Chinese electric cars. Despite facing backlash from the EU, Li emphasized the importance of embracing international cooperation and rejecting confrontation in order to foster human development.
Li pointed out that China’s rapid rise in new industries is attributed to its unique comparative advantages. These advantages include the country’s large market, robust industrial network, skilled labor force, diverse application scenarios, and receptive consumers. According to Li, these factors contribute to the competitiveness of China’s emerging industries, setting them apart on the global stage.
The Chinese Premier stressed the significance of international cooperation in determining the height of human development. He emphasized the need for countries to embrace each other with open arms and work together towards common goals. Li’s call for rejecting confrontation underlines the importance of fostering collaboration and dialogue on a global scale.
Economic Growth and Steady Progress
Li expressed confidence in China’s economic growth, stating that it would remain steady in the second quarter. He reiterated the country’s capability of achieving the official growth target of 5% for the year. Despite challenges in the real estate sector and fluctuations in industrial activity, China’s economy has shown resilience, with exports continuing to support growth. Li’s assurances regarding economic stability reflect the government’s commitment to sustaining steady progress.
Strategic Economic Policies and Innovation
When addressing China’s economic policy, Li drew analogies from traditional Chinese medicine and boxing to explain the country’s approach. He highlighted Beijing’s efforts to keep the economic roots healthy through targeted measures that support technological innovation and businesses. Additionally, China is investing in its aging population as a potential driver of growth, signaling a strategic shift towards long-term sustainability.
Overall, Li’s remarks at the World Economic Forum shed light on China’s commitment to technological development, global cooperation, and sustainable economic growth. Despite facing challenges and tensions on the international stage, China remains focused on advancing its industries, fostering innovation, and promoting collaboration for the collective benefit of human development.
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