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 challengesCurrent economic and trade system is becoming more diverse, the structure of international trade is also undergoing continuous adjustmentsThe risk of fragmentation in global industrial supply chains is on the riseSome countries and regions are interfering with the international market division of labour, citing the need to mitigate risksThere are some disruptive factors continuously impacting the international economic and trade landscape, while there are also some positive forces actively seeking to establish common groundIn 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 upwardsIn 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 multilateralismChina is willing to work with other countries around the world to actively seek common ground while reserving differencesWe should adhere to principle of joint deliberation and sharing, strengthen macro-policy coordination, and safeguard stability of global industrial and supply chainsChina will continue to enhance global connectivity and promote sustainable developmentChina will actively participate in G20, BRICSJudging from key indicators, China's economy showed a steady improvement in Q2Regardless of how the international environment evolves, China's economy has consistently maintained a stron momentum for growthWe are confident in out ability to maintain a relatively rapid growth rate for China's economyAim for China to transition from a major manufacturing power to a mega consumer marketThat will open up vast, untapped markets for businesses in various countriesWilling to share original technologies and innovative scenarios with various countriesHope 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 goalsChina government to encourage and support entrepreneursCalls on all countries to oppose decoupling, supply chain disruptionWarmly welcomes enterprises from all over the world to invest in China, establish a strong foothold hereI bolded a few of those points above that caught my eye. 'Mega consumer market' will be something exporters TO China would like to see.
This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
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