Premier Li Qiang said China is prepared for “shocks that exceed expectations” as the world anticipates U.S. President Donald Trump’s announcement of additional tariffs on trading partners next month.
Speaking at the opening of the China Development Forum in Beijing on Sunday, Li urged nations to expand market access amid rising economic fragmentation.
“Instability and uncertainty are on the rise,” Li said. “At this moment, it is even more crucial for countries to open their markets further and for businesses to share their resources.”
”In today’s increasingly fragmented world with rising instability and uncertainty, it is more necessary for countries to open up their markets and enterprises… to resist risks and challenges,” Li told dozens of foreign CEOs and visiting U.S. Republican Senator Steve Daines at the China Development Forum, state media reported.
Foreign CEOs including Tim Cook of Apple, Cristiano Amon of Qualcomm, Pascal Soriot of AstraZeneca and Amin Nasser of Saudi Aramco are attending the forum on Sunday and Monday, and some are expected to meet President Xi Jinping on Friday, sources have told Reuters.
Beijing is keen to attract foreign investment at a time of heightened geopolitical tensions, as policymakers try to boost domestic consumption to offset fresh U.S. tariff headwinds.
”We will focus on combining policy intensification with stimulating market forces,” Li said, according to a Xinhua report, without elaborating on specific stimulus measures.
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