Li Qiang Advocates for Open Markets and Green Tech Amid Global Growth Challenges

Chinese Premier Li Qiang emphasizes the importance of open markets and green technologies while criticizing trade tensions at the World Economic Forum Annual Meeting of the New Champions in China. He reaffirms China's commitment to its 5% growth target and discusses ongoing tariff disputes with the European Union.

Chinese Premier Li Qiang stressed the significance of open markets and green technologies in stabilizing global growth during his address at the World Economic Forum Annual Meeting of the New Champions, held in northeastern China on Tuesday.

Criticizing trade tensions, Li underscored that China is on track to achieve its growth target of 5% this year. He urged countries to collaborate, reject bloc confrontation, and avoid protectionism under the guise of green development.

Li also addressed the pushback China faces over its electric vehicle exports, mentioning ongoing tariff discussions with the European Union. He compared China's post-COVID economy to a person recovering from a severe illness, emphasizing the need for gradual readjustment and support for industrial upgrades and the aging population.

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