China calls for economic 'cooperation' with West
On the occasion of the World Economic Forum in Tianjin, China, the Chinese premier deplored, Tuesday, June 27, in a speech the Western calls to reduce economic dependencies vis-à-vis his country.
Chinese Premier Li Qiang speaks at the opening session of the World Economic Forum's 14th Annual Meeting of the New Champions 2023 in Tianjin, China, June 27, 2023. © Tingshu Wang / Reuters
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It is a thinly veiled response to US economists and G7 members who accuse Beijing of distorting the global economy, but also of economic coercion, and calling on companies to stop collaborating with Chinese entities.
In his speech, which sounded like a clarification, Li Qiang claimed that some voices in the West were foaming with concepts like reducing economic dependencies and mitigating risks.
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These are false propositions, in the context of a globalized economy such as the one we are experiencing. Everyone is intertwined," the Chinese premier said.
The head of government and second person of the state, who in China is more specifically in charge of economic issues, also insisted on the need to "cooperate", the only way to generate growth and prosperity.
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The economies of countries are intertwined, interdependent, mutually prosperous and develop together. This is basically a good thing, not a bad thing! Li Qiang pleaded.
As the environment deteriorates for foreign companies in China, Li Qiang, who last week completed a tour of Europe, says his country is ready to open up. The Prime Minister emphasized cooperation and communication.
This edition of the World Economic Forum, known colloquially as the "Summer Davos", is the first to be held in China since 2019 due to the Covid pandemic. It will last until Thursday, June 29.
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