China Premier Li Confident Economy Maintains Rapid Growth, Supports Global Momentum

Chinese Premier Li Qiang expressed strong confidence in China's ability to sustain rapid economic growth despite external challenges, highlighting the country's economic resilience and improving GDP indicators. He emphasized the government's proactive measures, including stimulus policies and new pro-growth initiatives such as equipment upgrades and consumer goods trade-in programs, supported by substantial fiscal investments. Li also underscored China's strategic shift from a manufacturing-led economy to a consumer-driven one, with expanding domestic demand and significant advances in scientific and technological innovation. China aims to provide stable support for global economic recovery and create new market opportunities for international enterprises, while opposing the politicization of economic issues and disruptions to supply chains. The government continues to enhance the business environment and welcomes foreign investment, projecting continued momentum in contributing to the global economy. These statements were made across multiple venues, including the Summer Davos Forum in Tianjin and official economic planning discussions.