Chinese Premier Li Qiang delivered a powerful speech at the World Economic Forum’s annual “Summer Davos” event in 2024, held in Dalian, China. During his address, Li emphasized the importance of global collaboration in the face of increasing trade barriers and tariffs.
Asserting that “Globalization will not be reversed,” Li urged countries to work together and not politicize trade issues. He emphasized the need for all nations to adhere to the established rules and order of international trade, rather than creating political or security tensions.
While Li did not directly address specific geopolitical tensions, such as those between the U.S. and China or the conflict between Israel and Iran, his message resonated with attendees at the conference. Adam Tooze, a professor of history at Columbia University, described Li’s call for reshaping the rules and order as “very interesting,” suggesting a shift towards a more pluralistic approach to global trade.
Li also highlighted the recent signing of a “Convention on the Establishment of the International Organization for Mediation” in Hong Kong, involving more than 30 countries. He praised this initiative as a demonstration of using Eastern wisdom to resolve international disputes.
In addition to discussing global trade, Premier Li expressed optimism about the Chinese economy, outlining plans to transform China into a major consumer powerhouse alongside its established manufacturing sector. The conference also saw the participation of prominent political leaders, including Singapore’s Prime Minister Lawrence Wong, Vietnam’s Prime Minister Pham Minh Chinh, and Ecuadorian President Daniel Noboa AzÃn.
Notable figures from the business world, such as JD.com Founder and Chairman Liu Qiangdong and TCL Founder and Chairman Li Dongsheng, were among the attendees at the event. The gathering provided a platform for leaders from various sectors to exchange ideas and discuss strategies for navigating the complex global economic landscape.
In the past week, Premier Li engaged in bilateral meetings with leaders from Singapore, Vietnam, New Zealand, Ecuador, and Kyrgyzstan, as reported by Chinese state media. These discussions further underscored China’s commitment to fostering diplomatic relations and promoting economic cooperation on a global scale.
As the world continues to grapple with evolving trade dynamics and geopolitical challenges, Premier Li’s call for collaboration and adherence to established rules serves as a timely reminder of the importance of maintaining a stable and inclusive international trade environment.
