Premier says China’s GDP to grow ‘faster’ in Q2

Beijing, June 27 (EFE).- Chinese Premier Li Qiang said Tuesday that China’s gross domestic product (GDP) will grow at a faster pace in the second quarter of the year after posting a 4.5 percent growth in the first.

Speaking at the 14th Annual Meeting of the New Champions organized by the World Economic Forum and also known as the Summer Davos, in north China’s Tianjin city, Li said that China was expected to achieve this year’s economic growth target of around 5 percent.

The Chinese leader said that China will continue to expand its market and provide strong dynamism to the world’s economic recovery and growth.

It will also offer mutually beneficial cooperation opportunities for investors from other countries.

“China has full confidence and the capability to achieve steady and sustained high-quality development of its economy in a long time to come,” he added.

On the other hand, the Chinese premier warned against overstretching the so-called “de-risking” concept or turning it into a political or ideological tool, referring to the recent approach taken by some Western countries towards China.

He also called on the international community to firmly oppose the politicization of economic and trade issues and jointly maintain the stability and unhindered flow of global industrial and supply chains, state-run news agency Xinhua reported.

“The invisible barriers put up by some people in recent years are becoming widespread and pushing the world into fragmentation and even confrontation” causing great damage to world development, Li said.

He urged the international community to make solid efforts to firmly uphold fairness and justice, work hard to resolve the security dilemma, and jointly safeguard a peaceful and stable development environment.

Approximately 1,500 representatives from more than 90 countries are attending the event, where Li is scheduled to meet the executive chairman of the World Economic Forum, Klaus Schwab.

Li recently returned from a visit to Germany and France, where he expressed his country’s support of free trade and rejection of protectionism and measures that disrupt supply chains.

In recent years, ties between China and these countries have soured due to trade tensions, Beijing’s ambiguous position on the war in Ukraine and Europe’s criticism of the human rights situation in the Asian country. EFE


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