{"id":17241,"date":"2025-06-25T08:48:26","date_gmt":"2025-06-25T08:48:26","guid":{"rendered":"https:\/\/finderica.com\/?p=17241"},"modified":"2025-06-25T08:48:26","modified_gmt":"2025-06-25T08:48:26","slug":"chinas-li-urges-not-to-turn-trade-into-a-political-or-security-issue","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=17241","title":{"rendered":"China’s Li urges not to turn trade into a political or security issue"},"content":{"rendered":"
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Chinese Premier Li Qiang delivers a speech during the opening ceremony of the World Economic Forum Annual Meeting of the New Champions (AMNC25) in Tianjin on June 25, 2025. <\/p>\n

Jade Gao | Afp | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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TIANJIN, China \u2014 Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers.<\/p>\n

“Globalization will not be reversed,” he said through an official English translation, as he called on all sides not to turn trade into a political or security issue.<\/p>\n

Engaging in the international economy is a way of “reshaping the rules and order,” Li added, calling on countries to keep to the “right” path.<\/p>\n

Li did not comment specifically on U.S. trade tensions or the Israel-Iran conflict. He was speaking at the opening plenary of the World Economic Forum’s annual conference in China, often dubbed “Summer Davos.”<\/p>\n

Describing Li’s comment on “reshaping the rules and order” as “very interesting,” Adam Tooze, professor of history at Columbia University, said: “I think what we’re going to see is a pluralization.”<\/p>\n

What’s needed is more about processes rather than focusing on who is setting the “order,” he told CNBC.<\/p>\n<\/div>\n

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In the speech, Li referred to how more than 30 countries signed a “Convention on the Establishment of the International Organization for Mediation<\/a>” in Hong Kong last month. He called it a way of using “the wisdom of the East in resolving international disputes.”<\/p>\n

Li also maintained an upbeat view on the Chinese economy during the conference, and said authorities would implement measures to “make China a mega-sized consumption powerhouse” in addition to being one in manufacturing.<\/p>\n

Louise Loo, lead economist for China at Oxford Economics, noted that Li was “quite confident in the organic growth momentum within China.”<\/p>\n

“We still think that there are challenges [for China] this year, but I think it’s not as far-fetched as we thought before,” Loo told CNBC’s Emily Tan on The China Connection show.<\/p>\n<\/div>\n

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