China's Premier Li Discusses Economic Challenges and Cooperation at World Economic Forum in Tianjin

China’s Premier Li emphasized at the World Economic Forum in Tianjin that the world economy and international economic and trade cooperation are facing new challenges. The current economic and trade system is evolving, with changes in the structure of international trade. There is a growing risk of fragmentation in global industrial supply chains. Some countries are disrupting the international market division of labor under the guise of risk mitigation. Various factors are impacting the international economic and trade landscape, with positive forces working towards common ground. It is crucial to align with prevailing trends in reshaping international economic and trade rules. Economic globalization is progressing with ups and downs. Proactive implementation of practical measures, support for free trade, and multilateralism are essential. China aims to collaborate with other countries, emphasizing joint deliberation, macro-policy coordination, and stability of global supply chains. China will enhance global connectivity, promote sustainable development, and actively engage in forums like G20 and BRICS. China's economy showed steady improvement in Q2, maintaining strong growth momentum. The goal is for China to transition into a mega consumer market, offering vast opportunities for businesses worldwide. China is willing to share technologies and scenarios, advocating for activities that benefit the greater good and market principles. Politicizing economic issues is discouraged, with a focus on long-term goals and opposition to decoupling. The Chinese government supports entrepreneurs and welcomes global enterprises to invest in China.