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Chinese premier attends symposium for foreign business representatives at Summer Davos

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Chinese Premier Li Qiang attended a symposium for foreign business representatives at the 15th Annual Meeting of the New Champions, also known as the Summer Davos, on Tuesday in northeast China’s coastal city of Dalian.

Klaus Schwab, executive chairman of the World Economic Forum, chaired the symposium. A total of 200 business representatives from more than 40 countries and regions attended the symposium.

After hearing the representatives’ speeches, Li said that China’s continuous recovery and long-term improvement, as well as the transformation, upgrading, and profound changes in its economy, will surely provide new and broad space for the development of global enterprises.

The premier noted that China has been strengthening counter-cyclical and cross-cyclical regulation of macro policies, pooling policy resources to promote high-quality development with a long-term view, and optimizing the economic structure. “We have the confidence to achieve the economic and social development targets set for this year and the ability to maintain sound economic growth in the long run,” Li said.

China will focus on boosting industrial innovation via sci-tech innovation and accelerating the development of a modern industrial system, Li said, adding that efforts will be made to foster the growth of emerging industries, advance the layout of future-oriented industries, and transform and upgrade traditional industries with advanced technologies to accelerate the development of new quality productive forces.

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