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China pledges more balanced trade and further opening of the economy after record surplus
Li Qiang vowed equal treatment for foreign firms and to reduce trade tensions after China’s $1.2 trillion surplus in 2025, aiming to expand global trade and import more quality goods.
- Chinese Premier Li Qiang opened the China Development Forum 2026, Beijing, urging further opening-up and saying protectionism is no solution in front of leaders including Apple CEO Tim Cook.
- This month, official data showed China's trade surged by a fifth in the first two months of the year as Beijing boosts consumption to steady the post-pandemic economy.
- Li told Chinese officials and global business executives that China will fully implement national treatment for foreign-invested enterprises, import more high-quality foreign goods, and tackle 'involutionary' competition through innovation-driven development.
- Amid global uncertainty, China pledged that it will be a 'cornerstone of certainty' and a 'harbor of stability', with stronger coordination to secure global industrial and supply chains.
- Against a tense geopolitical backdrop, the China Development Forum convenes as the Middle East war rages and after the trade war with Washington last year, highlighting challenges for the 15th Five-Year Plan .
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Beijing seeks to draw contrast with US volatility
China pitched itself to global executives as a “harbor of stability,” drawing a contrast to US volatility.Premier Li Qiang’s speech in Beijing on Sunday came as the world’s second-largest economy works to turn around a decline in foreign investment, which fell 9.5% in 2025.Li also pledged to pursue more balanced trade after China logged a record $1.2 trillion trade surplus last year, underscoring concerns in Beijing that the trade imbalances cou…
·New York, United States
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Total News Sources72
Leaning Left10Leaning Right10Center20Last UpdatedBias Distribution50% Center
Bias Distribution
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50% Center
L 25%
C 50%
R 25%
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