Chinese Premier Li Qiang underscored the importance of cooperation between China and the U.S. in resolving trade tensions during his keynote address at the China Development Forum 2025 in Beijing on Sunday. Speaking to U.S. Senator Steve Daines and American business leaders, Li emphasized that mutual benefits and expanded collaboration are essential to addressing economic imbalances.
\"No one benefits from a trade war,\" Li stated, urging both nations to prioritize dialogue over confrontation. \"Imposing tariffs cannot drive development and prosperity. The answer lies in expanding the 'pie of cooperation' to create shared opportunities.\"
The Premier stressed that China-U.S. relations stand at a pivotal juncture, asserting that history has repeatedly shown cooperation yields long-term gains. He called on the U.S. to engage in \"candid communication\" to build trust and clear up misgivings, rooted in principles of mutual respect and win-win collaboration.
Li highlighted the role of economic and trade cooperation as the bedrock of bilateral ties, pointing to the \"significant progress\" achieved over decades of joint efforts. He reiterated China's commitment to leveling the playing field for foreign companies, stating, \"China will actively address legitimate demands of businesses and foster a sound, equitable environment.\"
U.S. business representatives at the forum acknowledged China's transformative growth and expressed support for deepening engagement. Many signaled readiness to increase investments and strengthen dialogue, aligning with calls to stabilize bilateral relations during challenging times.
