Translation. Region: Russian Federal
Source: People’s Republic of China in Russian – People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
TIANJIN, June 25 (Xinhua) — China is confident in its strength and ability to maintain dynamic economic growth, Chinese Premier Li Qiang said Wednesday while addressing the opening ceremony of the 16th annual meeting of emerging global leaders of the World Economic Forum (WEF), also known as “Summer Davos”, in the north Chinese city of Tianjin.
“For many years, regardless of changes in the international situation, the Chinese economy has maintained good momentum,” Li Qiang said.
He noted that in the first quarter of 2025, China’s GDP grew by 5.4 percent, although external shocks became more numerous. “Key economic indicators continued to improve in the second quarter, and, as far as I know, international organizations have recently increased their forecasts for China’s economic growth,” the head of the Chinese government noted.
According to him, China’s economic development is not short-term spurts, but a steady movement toward long-term goals. Li Qiang noted that China is moving toward becoming a high-income country, driven by strong demand for consumer upgrading in the country, which is the world’s second-largest consumer and import market.
China aims to become a giant consumer powerhouse built on a solid foundation of manufacturing, the premier added, expressing confidence that China’s continuous breakthroughs and achievements in innovation will inject new impetus into global development, helping to overcome the global problem of economic slowdown.
During the Summer Davos, WEF President Borge Brende shared his views on China’s economic prospects.
“I am relatively optimistic about the Chinese economy in both the medium and long term. Although China has already diversified its economy, the country is still transforming from manufacturing goods to providing more services and digital trade. We are also seeing a lot of new technologies being applied. China is doing very well in artificial intelligence and robotics,” he said.
Former British Prime Minister Tony Blair also drew attention to China’s impressive transformation in recent decades and called on other countries to try to understand and engage with China rather than isolate it. Deepening engagement is important, he said, with a particular focus on people-to-people exchanges in addition to government-to-government and business cooperation.
This year’s Summer Davos was titled “Entrepreneurship in a New Era.” The event will run from June 24 to 26, bringing together more than 1,700 prominent politicians, businessmen, academics, and media representatives from more than 90 countries and regions around the world. -0-