Hong Kong/Beijing
Cnn
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China is ready for a “potential unexpected shock”, Premier Lee Kaying told a gathering of global executives in Beijing, where he urged him to “fight protectionism” and defend globalization.
CEOs, including Apple’s Tim Cook, FedEx’s Raj Subramaniam and Fazer’s Albert Borela, gathered in the Chinese capital for a two -day forum at the end of the weekend, when US President Donald Trump has bothered trade pressure on China, seeing him as unfair relationships.
Lee has warned that “promising to expand the market access to various sectors for foreign investors,” eliminating and breaking the supply chains will deepen only the crisis “.
“If the world returns to the law of the jungle, it will be a step behind and a tragedy for humanity,” he said during an inaugural address at the annual gathering on Sunday.
“We have developed for a possible unexpected shock, which of course. Of course. Mainly from external sources. Where necessary, the Chinese government will introduce new policies to ensure the smooth process of the Chinese economy.”
Li’s pitch message is very high, which comes when China has tried to offer confidence-and to overturn foreign investment-in its slow economy when Beijing and US China’s business community depends on the impact of Trump’s revenue, which may increase next month.
The gathering, known as the China Development Forum, has long served as an important opportunity for exchange between Chinese officials and foreign business leaders. This year, it is a significant significance as an informal American diplomacy platform at a moment of uncertainty.
Lee met at a meeting for a conversation with US Senator and Trump Eli Steve Dennis. Described As a “first step” towards a meeting between Trump and Chinese leader Xi Jinping to the Wall Street Journal.
Executives from major US firms, including Qualcomm, Fazer, FedEx and Boeing, also attended the gathering, where Lee emphasized that the United States and China shared “a wide shared interests and cooperation” and demanded “win wins”.
Trump has repeatedly advised that he hopes to reach an agreement with China and XI. US president Indicated On Friday, US top trade officials and Chinese counterparts can discuss this week.
Since taking office in January, Trump has imposed 20 % additional taxes on all Chinese imports, in the upper part of the existing levies on hundreds of billions of goods. China has responded with its duties on US imports, including new control of exports on agricultural and some energy products, and raw materials.
US prices can be raised in the coming weeks. The White House is expected to announce mutual duties in several countries early next week, as part of a controversial bid to bring the manufacturing back to the United States and as a part of the unfair trade relations to bring it back to the United States.
The campaign to renew the expected shock to US trade relations and global trade with China was an important debate point for many multinational executives and observers who gathered in the Chinese capital for the end of Monday.
“We are very strong believers in an open, governance -based trade,” Jon Abrahamson Rang, CEO of the Inter -Icia Group, told CNN on Sunday.
“We believe that trade is very positive and in reality enables the scale, enabled that we can benefit from comparative benefits globally,” he said. “We believe that trade for some of these important changes will be an important vicious that now needs to be done in stability, cheapness, etc.”
He added that most of the goods sold by European furniture in Europe and Asia are manufactured in these continents, adding that a similar approach to the US market is “under development”.
For the current reorganization of trade relations, businesses need to be more flexible in their supply chain and invest in tools like the Boston Consulting Group’s World Chair, Rich Lisar, Rich Lisar, Rich Lisar, Rich Lisar.
“Small-term obstacles demand immediate intention, but long-term change-technology, stability, geopolitics have been renewing trade for decades,” he said.
For Chinese officials, concerns and talks about such barriers have given China the opportunity to present China as a champion of responsible power and globalization globally.
Premier Lee said, “As a responsible country, China will stand firmly on the right side of history and on the aspect of justice and justice. In the distant winds and waves, we must be good and follow the right path.”
Foreign firms have been cautious about doing business in China during geographical political tensions in recent years, and since Chinese authorities have detained or questioned a handful of foreign firms during the growing XI’s growing force on national security.
Governments around the world have also raised concerns about China’s vast exports, including electric vehicles and green technologies, saying that government subsidies are pushing these firms into unfair advantage of domestic manufacturing.
