China ready to work with int’l community to get world economy back on track, says Premier Li
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Chinese Premier Li Qiang meets with Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala in Rio de Janeiro, Brazil, July 7, 2025. (Xinhua/Wang Ye)
Chinese Premier Li Qiang said Monday that China stands ready to work with the international community to get the world economy back on track at an early date.
Li made the remarks when meeting with Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala on the sidelines of the 17th BRICS Summit.
The global trade has undergone significant changes with rising unilateralism and protectionism, which has severely impacted the international economic and trade order and posed grave challenges to the world economy and countries’ development, said Li.
Against this backdrop, the international community has a stronger call for safeguarding the multilateral trading system and has growing expectations for the WTO to play a more active role, he added.
Noting that economic globalization is an irreversible trend of history, Li said that China will, as always, continue to practice and safeguard multilateralism and free trade, actively support the reform and development of the WTO to restore its authority, accelerate the improvement of trade rules, and push for more concrete outcomes of the 14th WTO Ministerial Conference.
Li said China has abundant resources and means to counter adverse external impacts, and is confident in and capable of promoting a steady and healthy economic development.
This year, China has implemented more proactive and effective macro policies, advanced the strategy of expanding domestic demand, and launched special initiatives to boost consumption, he said, noting the huge, growing demand unleashed by the super-large market of over 1.4 billion consumers.
China, Li added, will introduce more measures for voluntary and unilateral opening up, strictly abide by the principles and market rules of the WTO, and continue to share development opportunities with other countries, so as to inject positive energy into the world. ■
Chinese Premier Li Qiang meets with Director-General of the World Trade Organization (WTO) Ngozi Okonjo-Iweala in Rio de Janeiro, Brazil, July 7, 2025. (Xinhua/Wang Ye)
Reference Link:- https://english.news.cn/20250708/4a74a82d36814028af61a8175dab32c7/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
