Chinese Premier Advocates Broader Minds for Growth at Summer Davos

Chinese Premier Advocates Broader Minds for Growth at Summer Davos

Chinese Premier Advocates Global Cooperation at Summer Davos 2024

In a keynote speech at the opening ceremony of the World Economic Forum’s 15th Annual Meeting of the New Champions, also known as Summer Davos 2024, Chinese Premier Li Qiang called on nations to confront the challenges facing the global economy with open minds and collaborative spirits.

Addressing an international audience in the coastal city of Dalian, Premier Li emphasized the importance of embracing development opportunities and fostering broader perspectives to overcome the current growth predicament. He highlighted the necessity for countries to work together in addressing economic uncertainties and promoting sustainable growth.

“We must face the challenges of global economic growth squarely and adopt a more broad-minded approach towards development,” Li stated. “Only through cooperation and shared understanding can we navigate the complexities of the current economic landscape.”

China’s Comparative Advantages

Premier Li attributed China’s rapid rise in new industries to its unique comparative advantages. He cited the nation’s ultra-large market of over 1.4 billion people, a comprehensive industrial system, abundant human resources, diverse application scenarios, and consumers’ high acceptance of new technologies as key factors driving growth.

“China’s development is rooted in its vast market potential and the resilience of its industrial foundation,” he explained. “Our consumers are eager to embrace innovation, providing fertile ground for new technologies and industries to flourish.”

Call for Global Collaboration

Li’s speech underscored the need for global collaboration in harnessing technological advancements and addressing shared economic challenges. He encouraged international stakeholders to engage in open dialogue and partnerships that can lead to mutually beneficial outcomes.

“In an interconnected world, no country can achieve sustainable development in isolation,” Li remarked. “We welcome all nations to join us in expanding opportunities and fostering an environment where innovation thrives.”

Emphasis on Open Markets

The Chinese premier reaffirmed China’s commitment to opening up its markets and creating a favorable business environment for foreign investors. He assured attendees that China would continue to pursue policies that promote trade liberalization and investment facilitation.

“China remains steadfast in its dedication to openness and inclusivity,” Li said. “We will persist in removing barriers, enhancing transparency, and providing equal opportunities for businesses worldwide.”

Optimism for the Future

Concluding his speech, Premier Li expressed optimism about the prospects for global economic recovery and growth. He reiterated the importance of unity and cooperation in overcoming challenges and building a prosperous future for all.

“Let us work hand in hand to create a world of shared success,” he urged. “Together, we can turn challenges into opportunities and pave the way for enduring growth and development.”

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