Li Qiang Declares China’s Stabilising Role in Global Economy at CIIE

Tuesday, 5 November 2024, 03:37

Li Qiang emphasized China's commitment to enhancing its role in the global economy amid the trade war with the US. The China International Import Expo (CIIE) illustrates China's intentions to open its market further. Collaborating efforts were urged by both Li Qiang and Malaysian Prime Minister Anwar Ibrahim to foster economic growth across ASEAN nations.
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Li Qiang Declares China’s Stabilising Role in Global Economy at CIIE

Li Qiang Highlights China’s Economic Role

During the China International Import Expo (CIIE), Premier Li Qiang expressed that a broader opening of China is essential for it to assume a stabilizing role in a slowing global economy. Li stated, “concerted efforts” are critical to overcoming economic hurdles and improving outlooks.

Anwar Ibrahim’s Call for Fair Trade

Malaysian Prime Minister Anwar Ibrahim echoed Li’s sentiments, advocating for the end of “condescending and unfair trade practices.” He highlighted ASEAN's potential for collective economic growth, stating, “When everyone adds wood, the fire dances higher.”

Li also cited the CIIE's success in showcasing China’s market openness, with last year seeing deals worth US$78.4 billion signed between Chinese firms and international exhibitors.

Importance of CIIE in Global Trade

The CIIE, launched in 2018 amidst escalating trade tensions with the US, aims to reaffirm China's commitment to free trade. With participation from 3,500 exhibitors this year, including Volkswagen Group and L’Oréal, the event has transcended mere trade to foster lasting relationships with global partners.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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