Premier Li Qiang Calls for Openness and Cooperation on Global Industrial and Supply Chains

Premier Li Qiang of China has emphasized the importance of maintaining stable and unimpeded global industrial and supply chains, calling for a rejection of decoupling and a commitment to open cooperation.

Speaking at a symposium on the eve of the second China International Supply Chain Expo, Premier Li acknowledged China's key role in these chains and pledged continued efforts to ensure their smooth operation. He highlighted the benefits of globalization, which has facilitated economic growth and prosperity for all participants.

The Premier cautioned against protectionism and overstretched security measures, which harm global chains, increase costs, and hinder development. He stressed the need for global recognition of the importance of these chains and a broader consensus on strengthening cooperation.

Premier Li expressed confidence in the Chinese economy's continued stability and growth, emphasizing the nation's commitment to countercyclical adjustments and fostering new growth drivers. He pledged China's continued contribution to deepening global industrial and supply chain cooperation and promoting global economic recovery.

He outlined China's plans to strengthen its modern industrial system and integrate technological and industrial innovation, contributing to the efficient operation, transformation, and upgrading of global chains. Additionally, he reiterated China's commitment to high-standard opening-up, welcoming foreign enterprises to engage in industrial cooperation within China.

Premier Li encouraged enterprises to actively participate in and defend global industrial and supply chains, supporting economic globalization and promoting innovation and green transition. He called for collaborative efforts to create more vibrant, resilient, and efficient global chains, benefiting both enterprises and fostering global prosperity.

The symposium was attended by business leaders from prominent companies like Sumitomo Electric Industries, Apple, Chia Tai Group, Rio Tinto Group, Corning, Industrial and Commercial Bank of China, Contemporary Amperex Technology Co, Lenovo Group, TCL Technology Group, Yum China, and the US-China Business Council. These leaders acknowledged the crucial role of the Chinese market in global industrial and supply chains, highlighting its contribution to global connectivity and innovation. They also commended China's commitment to developing new productive forces, implementing robust economic policies, and fostering a favorable business environment.