Chinese PM warns of supply chain fragmentation and decline in global investment
Chinese Premier Li Qiang
Chinese Premier Li Qiang has raised concerns about growing disruptions in global supply chains and a notable drop in cross-border investment, citing ongoing challenges posed by international tariffs, particularly those from the United States.
Speaking at the 16th Annual Meeting of the New Champions—also known as the Summer Davos—in Tianjin, northern China, Premier Li highlighted the shifting dynamics of the global economy. According to China's state news agency Xinhua, he stated that the current international trade and economic environment is undergoing significant transformation.
“In addition to the pressures on global institutions and the rise of regional trade alliances, we are witnessing increasing risks of fragmented supply and production chains, along with a sharp downturn in cross-border investment,” Li said.
The Chinese leader emphasized Beijing's readiness to address global economic challenges, stating that China is “prepared to do whatever is necessary” to support global economic stability.
Li also expressed confidence in China’s long-term economic prospects, asserting that the country remains capable of sustaining strong growth despite external pressures.
His remarks come as the United States has introduced retaliatory tariffs on several countries, including China, intensifying tensions in international trade. While the Trump administration later announced a temporary 90-day suspension of the tariffs—effective until early July—global markets remain unsettled.
Meanwhile, the US government is actively engaging in trade negotiations with various countries, seeking to reshape existing trade relationships and reduce economic imbalances.
.png "Advertisement")
