China’s Li Advocates for Trade to Remain Separate from Political and Security Issues

Chinese Premier Li Qiang recently spoke at the World Economic Forum in Tianjin, urging countries to work together on trade. He emphasized that "globalization will not be reversed," encouraging nations to avoid turning trade into political disputes.

Li noted that engaging in global trade allows countries to reshape international rules. Adam Tooze, a history professor at Columbia University, found this perspective intriguing. He believes we might see a variety of approaches to global economic order, suggesting that more emphasis should be placed on processes rather than who is in charge.

In his speech, Li pointed out that over 30 countries recently signed a "Convention on the Establishment of the International Organization for Mediation" in Hong Kong, highlighting Eastern wisdom in resolving disputes.

Li also expressed optimism about China’s economy, promising that the country will become a major consumer market alongside its manufacturing strength. Louise Loo, an economist at Oxford Economics, shared this confidence. She believes that while China faces challenges, it remains deeply integrated into global supply chains, which should help its exports and overall growth.

The event attracted prominent leaders, including Prime Minister Lawrence Wong of Singapore and Prime Minister Pham Minh Chinh of Vietnam, showing the significance of international collaboration.

Li’s recent meetings with leaders from various countries emphasize China’s focus on building partnerships amid rising global tensions. With trade tensions still a hot topic, these discussions come at a crucial time for maintaining global economic stability.

For more insights on the impact of globalization, you can check out this World Economic Forum report.

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