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China Premier's Call for Unity at Economic Forum

China Premier's Call for Unity at Economic Forum

Chinese Premier Li Qiang emphasizes the importance of opposing economic decoupling and promoting cooperation among nations during the "Summer Davos" conference in Dalian.

China’s premier emphasized the need for countries to work together and reject decoupling amid increasing economic tensions, especially with the European Union imposing tariffs on Chinese electric vehicles. Tensions between the West and China have escalated due to geopolitical conflicts and the race for technological dominance. Premier Li Qiang urged global cooperation and the avoidance of creating opposing factions. During the World Economic Forum conference in Dalian, Li called for maintaining stable industrial and supply chains, supporting trade liberalization, and fostering global economic growth. Concerns about a possible breakdown in relations between China and major Western economies have been ongoing, with recent tariff hikes by the US and impending tariffs by the EU on Chinese EVs. China has faced criticism over state subsidies and unfair competition, leading to trade disputes and tariff threats. Despite these challenges, both China and the EU have expressed willingness to engage in negotiations to resolve trade issues. The Chinese government has defended its EV industry's success as a result of innovation and efficiency, rather than state intervention. As debates continue over trade policies, the importance of collaboration and open dialogue remains crucial for future economic relations.
Source: ALJAZEERA
Source: ALJAZEERA

ALJAZEERA MEDIA NETWORK

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