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| Chinese Premier Li Qiang speaks at the opening session of the World Economic Forum (WEF) in Tianjin, June 27. (Source: Reuters) |
However, Mr. Li did not mention specific plans to stimulate China's economy - which is what many investors are waiting for.
Speaking further to delegates at the WEF Conference, Premier Li Qiang affirmed that China is on track to achieve the 5% economic growth target by 2023 that the Government set earlier this year. "We are fully confident and capable of promoting the stable and long-term development of the Chinese economy, on the path of high-quality development in the long term," he said.
Returning from a visit to Germany and France last week, Li Qiang also openly condemned recent negative Western rhetoric aimed at China.
"The West is hyping up the so-called 'risk reduction' and I think, to some extent, it is a wrong proposal," Li said, referring to European Commission President Ursula von der Leyen's earlier assessment that Europe should "risk reduction" diplomatically and economically from China.
Referring to the US-China trade tensions, the Chinese Prime Minister commented: "The invisible barriers erected by some parties in recent years are becoming more common and pushing the world into a state of division and even confrontation."
The head of the Chinese government noted that the value of globalization remains intact and the Covid-19 pandemic is not the world's last public health crisis.
This week's WEF meeting in the port city of Tianjin - often called "Summer Davos" - is the first of its kind since a three-year hiatus due to the Covid-19 pandemic. It is attended by leaders from New Zealand, Mongolia, Vietnam and Barbados, along with a large delegation from Saudi Arabia.
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