March 23, 2025

BEIJING – Chinese Premier Li Qiang stated‍ Sunday ⁤that China remains committed to the correct direction of economic globalization amid increasing fragmentation of the global economy, as trade tensions with the U.S. intensify.

Speaking at an economic forum in Beijing ‍to business leaders and multinational executives,⁢ Li’s comments come as former U.S.President Donald Trump has imposed new tariffs on Chinese exports.

Li said China would ⁤ remain firm⁣ on the right side of the story and act fairly at the‍ meeting.

He added that⁢ China will practice a true multilateralism and strive to be a stability and⁢ certainty force.

The China ‍Advancement Forum hosts business leaders from China⁤ and around the world, including Apple CEO Tim Cook.

Referencing the renewed trade friction, Li said that the fragmentation of‍ the current global economy⁤ is intensifying and that instability and uncertainty are at its maximum point.

Li, who also ⁢met with U.S. Senator Steve Daines, called for dialog between Beijing and Washington. Daines’ visit is seen as an attempt to ease strained relations.

both ‍parties must choose the dialogue⁣ instead of the confrontation,the beneficial cooperation for⁢ all instead of the zero sum⁣ competition, Li said.

In recent weeks,beijing has signaled a willingness to discuss trade issues with the U.S.

Daines met the previous day ⁣with Chinese ‍Vice ‍Premier He Lifeng,who is responsible for economic matters.

Daines, senator for Montana, who previously lived in China and Hong Kong, focused on economic relations⁤ and fentanyl trafficking, a drug causing important harm in the U.S. with precursors originating in⁢ china.

China firmly opposes the politicization, militarization and instrumentalization of economic and commercial affairs. He is willing to ⁤establish a frank dialogue with the United States on ⁣the⁤ basis of mutual respect, equality and ⁢mutual benefit,

Xinhua News Agency

Trump has stated that⁤ the new tariffs on China are due to Beijing’s failure to halt chemical shipments contributing to the drug crisis in the U.S.

Since returning to the ⁢White house in January, Trump has increased tariffs on all Chinese products entering the U.S.

China⁣ has responded with tariffs⁣ of up to ‍15% on some U.S. agricultural products, including soybeans, pork, and chicken.

China, facing economic challenges in its real estate sector and renewed trade tensions, aims to restore consumer‍ confidence following the pandemic.

China and Economic Globalization: A Q&A

What is China’s Stance on economic⁣ Globalization?

China maintains a strong commitment to economic globalization. Premier Li Qiang stated that China remains committed to “the correct direction of economic globalization”. This commitment is evident despite ‍increasing “fragmentation” of the global economy, and ⁣intensifying trade tensions with the U.S. China aims to be a “stability and certainty force” amid global economic challenges.

Key⁣ Points:

china supports the direction of economic globalization.

⁢ China aims to be a stable force.

China calls for dialog to⁣ improve global standing and stability.

How ⁢is china Addressing Trade ⁢Tensions with the U.S.?

China is⁢ prioritizing dialogue with the U.S. to address trade tensions. Premier Li⁣ Qiang has called for ⁤”dialogue instead ‍of confrontation” and “beneficial‍ cooperation for all instead of zero-sum competition.” Meetings between Chinese and U.S. officials, such as Senator Steve Daines, are being held to⁢ discuss economic relations. ⁢china has signaled a willingness to discuss trade issues.

China’s Approach:

Emphasizing dialogue ⁤and cooperation.

Calling for mutual respect and benefit.

seeking to ease strained ⁢relations through discussion.

What are the Main Issues Driving U.S.-China Trade Tensions?

U.S.-China trade tensions are primarily driven by⁢ multiple factors including trade imbalances and differing approaches. A⁤ key⁢ issue is the imposition of new tariffs on ⁢Chinese exports by former U.S. President ‍Donald Trump. Trump ‍has stated that⁢ the new ⁤tariffs are due to Beijing’s ‍perceived failure to halt the chemical⁢ shipments that are precursors to the drug crisis in ⁤the‍ U.S. China has responded by implementing tariffs on some U.S. agricultural products.

Key Issues:

⁢Tariffs and trade imbalances.

⁤ Drug precursor⁣ shipments from ⁤China.

Differing⁢ economic and ⁣political approaches.

What is China’s Response‍ To U.S. Tariffs?

China has responded to U.S.tariffs with retaliatory tariffs on some U.S. agricultural products. For example, China has imposed ⁣tariffs of up to 15% on products such as soybeans, pork, and chicken. China aims to ⁣address these issues through dialogue and is willing to establish⁢ a frank dialogue with the United States on ⁣the ‍basis of mutual ⁢respect, equality, and mutual benefit.

What is the Current ‍State of the Global Economy According to ⁤China?

According to Premier Li Qiang, the “fragmentation ‍of the current global ⁤economy is intensifying,” and “instability and uncertainty are at‍ its⁤ maximum point.” This indicates China’s view that the global economy is‍ facing challenges. He further ‍highlighted that the current ⁤global state needs‍ stability and⁣ certainty.

Who Attends the China Advancement Forum?

The ⁢China ⁣advancement Forum hosts business ‍leaders from China and around the world. Attendees include leaders from multinational companies, such as Apple CEO Tim Cook, and others. This forum provides a platform for discussion between Chinese and international business leaders.

Summary⁢ of Key⁤ Points

| Topic ‍ ⁣ | Description ⁣ ⁣ ⁣ ⁢ ⁤ ‍ ⁢ ⁣ |

|⁢ :—————————— | :———————————————————————————————————————- ⁤|

| China’s Stance on Globalization | Remains committed to ⁢economic globalization and multilateralism. |

| U.S.-China ⁤Trade Tensions | intensifying due to tariffs, trade imbalances, and drug-related issues. ⁢ ⁤ ⁤ ⁣ ⁢ ⁣ ⁢ |

| China’s ‍Response ‍ ‍ ⁣|⁢ Prioritizing dialogue and implementing retaliatory tariffs. ⁢ ⁣ ‍ |

| Global Economic⁤ Outlook⁢ | Facing‍ increased fragmentation, instability, and uncertainty. ‍ ‍ ⁢ ⁢ ⁢ ⁤ |