China’s Premier Li Qiang warns of rising global economic fragmentation: Video
Chinese Premier Li Qiang has warned that “global economic fragmentation is intensifying,” urging countries to open their markets and foster greater economic cooperation.
Speaking at the China Development Forum in Beijing, Li highlighted the growing instability and uncertainty facing the global economy.
“Instability and uncertainty are on the rise,” Li said, adding, “At this time, I think it’s even more important for each of our countries to open up their markets more, and our companies, our businesses, should be sharing their resources more.”
The forum, a key platform for dialogue between Chinese policymakers and global business leaders, comes amid escalating trade tensions between Beijing and Washington. With the possibility of Donald Trump returning to the White House, fears of a renewed U.S.-China trade war loom large, threatening China’s export-driven growth, the AFP reports.
China has been under mounting pressure from Western economies, particularly the United States, which has tightened trade restrictions and imposed tariffs on Chinese goods. Despite this, Li Qiang emphasised China’s commitment to global economic integration, positioning Beijing as a proponent of open markets and cross-border collaboration.
The China Development Forum, which brings together international executives and Chinese officials, serves as a key indicator of Beijing’s economic direction.
