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Li Qiang Says China Will Be Consumption Power at ‘Summer Davos’: as It Happened

  • Chinese Premier Li Qiang stated that supply chains face fragmentation due to declining cross-border investment amid US tariffs, according to Xinhua.
  • Li expressed that the international economic and trade landscape is undergoing profound change during his address at the Summer Davos meeting.
  • He emphasized Beijing's willingness to help with global economic challenges and expressed confidence in sustaining economic growth.
  • Li noted that the Global South is rising rapidly in the current economic climate.
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China’s Prime Minister, Li Qiang, announced on Wednesday, June 25, that his country will succeed in transforming itself into a “great consumer power” but without giving up its “solid industrial base,” while assuring that the Asian giant will “open its doors even more to the world” in a context of growing geoeconomic fragmentation. “The reverse in economic globalization will not undo the road; it will only open up a new one. We will continue to i…

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China to grow into super-sized consumption powerhouse: premier

·China
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  • 44% of the sources lean Left
44% Left
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YUAN TALKS broke the news in on Wednesday, June 25, 2025.
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