Chinese Premier Li Qiang on Wednesday urged the international community to take proactive steps toward fostering international trade and economic cooperation.
During the opening plenary of the 16th Annual Meeting of the New Champions, also known as Summer Davos, in Tianjin, Li emphasized that the global economic and trade environment is experiencing significant transformations.
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The global economic and trade system is becoming increasingly diverse, with the Global South rising rapidly, Li said, noting that while the growth of traditional trade is slowing down, emerging trade has grown against the odds.
Li also noted that, beyond affecting global institutions and increasing regional collaborations, the world is facing volatile declines in cross-border investment and rising risks of fragmented production and supply chains.
Held from June 24 to 26 under the theme "Entrepreneurship for a New Era," the event brings together over 1,700 leaders from more than 90 countries and regions to discuss how entrepreneurship and emerging technologies can foster more dynamic and resilient economies.
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