As a recent statement from China’s Premier Li Qiang suggests, the overriding concern is with urgent and quick economic development. Beyond this, he cautioned the dangers that protectionist and unilateral actions represent for the world economy. Speaking at a recent national forum, Li passionately underscored the widespread shock these destructive policy moves have dealt to the world economic order. He urged everyone to work together to establish a productive, open and collegial environment.
In his speech, Li communicated that the Chinese spirit loves virtuous ways of creating riches. He wrote, “It is an axiom that a gentleman must make his money through respectable channels,” raising a sense of moral beauty to the world of economic activity. This view resonates with China’s deep ideological commitment to cultivating new growth drivers. They are especially keen on digital sectors, understanding that such sectors are key to any future economic resilience.
China is rebalancing from investment-led growth towards a model that favors domestic economic development including increasing domestic demand and expanding China’s import-absorbing capacities. The Premier called the nation to continue on the path of high quality development. This smart focus will drive productivity and ensure long-term, durable growth. He predicted that within five years, the size of China’s economy will exceed 170 trillion yuan (approximately $25 trillion). This buoyant projection beautifully reflects the country’s vigorous economic expansion.
The government plans to focus on fostering new growth drivers in digital technologies, an area that is rapidly transforming global markets. Through investments in this emerging sector, China hopes to create new jobs, inspire new innovation and ultimately power economic growth through these efforts. Li’s commitment to high-quality development underscores the nation’s intent to shift away from purely quantitative growth toward a model that values sustainability and inclusiveness.
Li highlighted China’s commitment to work with other countries to build a favorable global economic environment. He highlighted the collaborative aspect of moving beyond the economic crisis of today. We need to protect equality and mutual benefit and deepen our pool of truly shared common interests.”
As global tensions rise due to protectionist tendencies among some nations, China positions itself as a proponent of free trade and international cooperation. The Premier’s statements reflect a broader strategy aimed at countering isolationist policies while promoting a shared vision for global prosperity.
Aside from its interest in economic development, China repeatedly positions itself as a force for the global good. This government clearly understands its responsibilities as an international convenor of multilateral action. It does its best to fulfill these obligations by engaging in meaningful partnerships with other countries.