Â
>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
Â
Â
China will introduce more pragmatic and effective measures to boost demand, invigorate markets, promote development while accelerating the green transition and opening “high level” parts of its economy to the outside world, said Chinese Premier Li Qiang said when addressing a World Economic Forum summit in Tianjin on Tuesday.
China’s economic growth in the second quarter is expected to be higher than the first and is expected to reach the annual economic growth target of around 5%, said Li.
Some people in the West are hyping up this so-called ‘de-risking,’ which, to some extent, it’s a false proposition, he said.
The invisible barriers put up by some people in recent years are becoming widespread and pushing the world into fragmentation and even confrontation, he said. “We firmly oppose the artificial politicisation of economic and trade issues and effective communication was vital to avoid misunderstandings between nations.
Chinese government will continue to support foreign firms’ presence, he said. For instance, China would improve government procurement policies for medicines and pay close attention foreign firms’ concerns over new data management regulations, he added.