China’s Premier Calls for Depoliticization of Trade at Global Forum

At the opening of the World Economic Forum’s annual China conference, often called “Summer Davos,” Premier Li Qiang emphasized the importance of keeping trade separate from political and security considerations.

Speaking to a global audience, Li stated that economic globalization remains a continuing force and should not be reversed. He urged all nations to prioritize collaboration and to avoid interpreting trade through strategic or confrontational lenses. According to the official translation, Li described global economic engagement as a path toward reshaping international norms and structures.

Although he did not directly mention tensions with the United States or recent developments in the Middle East, Li’s message aligned with China’s broader policy direction favoring multilateralism and shared governance. He highlighted the recent signing of a convention in Hong Kong by over thirty countries to establish an international mediation organization, calling it an example of China’s role in promoting peaceful solutions using what he referred to as “Eastern wisdom.”

Li also expressed confidence in China’s economic momentum, noting that new policies will aim to boost domestic consumption alongside continued strength in manufacturing. He described China as working to become both a major production base and a significant consumer market.

Commenting on these remarks, Louise Loo, lead economist for China at Oxford Economics, said that China continues to show solid underlying growth potential. While challenges remain, she noted that China is still deeply embedded in global supply chains, and its export sector is likely to stay competitive, helping sustain its economic performance.

The event brought together many political and business leaders, including the prime ministers of Singapore and Vietnam and the presidents of Ecuador and Kyrgyzstan. Leading business figures such as JD.com founder Liu Qiangdong and TCL chairman Li Dongsheng were also listed among attendees.

Chinese state media reported that Premier Li met with the leaders of Singapore, Vietnam, New Zealand, Ecuador, and Kyrgyzstan over the past week, reflecting Beijing’s continued commitment to international dialogue and economic partnership.