China's Premier Li Says Beijing Remains Committed to Openness

Chinese Premier Li Qiang stated Beijing's commitment to openness during a special address at the Summer Davos forum in Dalian on Wednesday, June 26, 2024. He emphasized that China will continue to expand domestic demand and accelerate the large-scale application of new technologies. Li also highlighted that China's development is an opportunity for the world, not a challenge, and that the nation is dedicated to fostering a market-oriented, law-based, and internationalized business environment. He assured attendees that China's door to the outside world will only open wider, aiming to create more opportunities for global businesses. The Premier also mentioned that China's economic growth is expected to reach around 5% this year, according to government targets. He further elaborated on the importance of innovation and technological advancement in driving economic progress and improving people's lives. Li's remarks aimed to reassure international investors and partners about China's economic trajectory and its role in the global economy.