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China opposes cutting off global economic ties

The country is confident of reaching the 5% GDP target

Jun 25, 2024 08:53 222

China opposes cutting off global economic ties  - 1

China calls on the international community for cooperation and opposes cutting off global economic ties. "All countries and regions should cooperate closely, oppose bloc confrontation and disconnection, maintain stability and uninterrupted operation of industrial and logistics chains, and promote the liberalization and simplification of trade and investment procedures,” said the Prime Minister of The State Councilor of the People's Republic of China Li Qiang during the meeting of the new leaders of the World Economic Forum ("summer Davos") in Dalian.

The Premier of the State Council of the People's Republic of China also called on the international community to deepen scientific and technological exchanges. “If countries only think about maximizing their own interests without considering the interests of others, the cost of global economic transactions will increase, economic ties between regions will be severed, and contradictions and disputes will only intensify,” said Li. Qian.

In recent years, the US and its allies have increased economic and technological pressure on China. Western countries regularly introduce new sanctions against Chinese companies under the pretext of ties to the Russian military-industrial complex, human rights violations, threats to national security from Chinese technology enterprises, etc. In addition, the US and the EU are stepping up pressure through protectionist measures on such fast-growing industries in China as the production of electric vehicles, lithium-ion batteries and solar panels.

China will easily achieve this year's GDP growth target of 5%, Premier of the State Council of the People's Republic of China Li Qiang said at a meeting of new leaders at the World Economic Forum in Dalian . "China is confident of achieving annual economic growth of around 5%," he said.

Li Qiang emphasized that the rapid growth of modern industrial industry in China (production of electric vehicles and solar batteries) is due to the unique comparative advantages of the country's economy. China has an extremely large market with a population of more than 1.4 billion people, a complex industrial system, large human resources and a high level of user adoption of new technologies, Li Qiang noted.

According to him, China is making efforts to create an international market environment. , based on the principle of the law of supremacy.

In March, China's government set a high GDP growth target of 5% in 2024. In 2023, the PRC government is targeting the same growth. this indicator as a result of last year was 5.2%.