Premier Li Qiang urges global cooperation to address economic growth challenges

Chinese Premier Li Qiang emphasized the need for global collaboration to tackle economic growth challenges and urged nations to adopt a broader perspective on development issues during his address on Tuesday.

Chinese Premier Li Qiang issued a call to action on Tuesday, urging countries worldwide to confront the challenges of economic growth head-on and adopt a broader, more inclusive approach to development issues. Speaking at an international economic forum, Premier Li highlighted the pressing need for global cooperation and a collective response to the growing economic challenges faced by nations around the world.

In his address, Premier Li underscored the multifaceted nature of the current global economic predicament, which has been exacerbated by a combination of factors including the lingering effects of the COVID-19 pandemic, geopolitical tensions, and climate change. He stressed that the path to sustained economic recovery requires a comprehensive and coordinated effort among nations to address these intertwined issues effectively.

“The world economy is facing significant growth challenges,” Premier Li stated. “To overcome these challenges, we must adopt a more open-minded and inclusive approach towards development. It is crucial that we work together, sharing knowledge and resources, to build a resilient and sustainable global economy.”

Premier Li’s remarks emphasized the importance of embracing a multilateral approach to economic policy, where countries collaborate and coordinate their efforts to foster growth and stability. He pointed out that protectionism and unilateral actions can undermine global economic progress and exacerbate disparities among nations. Instead, he called for a commitment to open markets, fair trade practices, and investment in innovation and sustainable development.

One of the key themes of Premier Li’s speech was the need for inclusivity in addressing economic challenges. He highlighted that while advanced economies have made strides in recovering from recent economic downturns, many developing countries continue to face significant hurdles. Premier Li urged developed nations to support these countries through financial aid, technology transfer, and capacity-building initiatives, enabling them to participate more fully in the global economy.

Premier Li also touched on the importance of addressing climate change as a critical component of economic growth and development. He called for increased investment in green technologies and sustainable practices, which not only mitigate environmental impacts but also create new economic opportunities. He noted that tackling climate change requires a global effort and that countries must work together to develop solutions that are both effective and equitable.