China’s premier calls for cooperation at World Economic Forum
Chinese Premier Li Qiang emphasized the need for international collaboration on trade during his address at the World Economic Forum’s annual “Summer Davos” conference on Wednesday, pushing back against growing global protectionism and trade barriers.
“Globalization will not be reversed,” Li said via official translation, urging countries to avoid politicizing trade or using it as a tool of national security policy. He called for nations to stay on the “right” path by continuing to engage in the global economy, describing international participation as a way to “reshape the rules and order.”
Li refrained from addressing specific issues such as the escalating U.S.-China trade tensions or the ongoing Israel-Iran conflict. Still, his comments carried broad implications as global trade faces renewed uncertainty due to rising tariffs, regional instability, and shifting alliances.
China signals commitment to global engagement
The premier also pointed to recent diplomatic milestones, such as the signing of the “Convention on the Establishment of the International Organization for Mediation” by more than 30 countries in Hong Kong. He framed the initiative as a reflection of Eastern approaches to dispute resolution and international diplomacy.
Commenting on Li’s remarks, Columbia University historian Adam Tooze said the notion of “reshaping the rules and order” suggests a “pluralization” of global governance structures. “What’s needed is more emphasis on processes, not just who sets the rules,” he told CNBC.
Confidence in China’s domestic momentum
Premier Li maintained a positive outlook on China’s economy, signaling that the country is not only a global manufacturing hub but also evolving into a “mega-sized consumption powerhouse.” He emphasized the government’s intention to implement measures to support domestic demand and drive consumption-led growth.
Louise Loo, lead China economist at Oxford Economics, said Li’s comments indicated “confidence in the organic growth momentum within China.” While acknowledging ongoing challenges, she noted that China’s competitive position in global supply chains remains intact despite tariff headwinds.
“Decoupling from China is difficult in the short term,” Loo said, adding that exports would likely continue to support the country’s growth trajectory.
Diplomatic and business engagement intensifies
Premier Li’s speech comes after a week of high-level diplomatic meetings with leaders from Singapore, Vietnam, New Zealand, Ecuador, and Kyrgyzstan. The conference also hosted top business figures such as JD.com Chairman Liu Qiangdong and TCL Chairman Li Dongsheng.
Other political leaders present at the forum included Singapore’s Prime Minister Lawrence Wong, Vietnam’s Prime Minister Pham Minh Chinh, and Ecuadorian President Daniel Noboa Azín.