Chinese Premier Li Qiang on Thursday reaffirmed that China remains the world\u2019s most powerful engine of economic growth, citing ongoing reforms and a pivot toward consumption as key factors in maintaining momentum despite global headwinds.<\/p>\n\n\n\n
Speaking at the Asian Infrastructure Investment Bank\u2019s annual meeting in Beijing, Li said the policy support introduced since late 2023 was beginning to lift domestic demand and stabilize the world\u2019s second-largest economy.<\/p>\n\n\n\n
\u201cWe are strengthening macro policies, actively expanding domestic demand, and forcefully boosting consumption,\u201d Li said. \u201cThe expansion and quality upgrading of China\u2019s massive market will continue to unleash enormous dividends, creating more trade and investment opportunities for countries worldwide.\u201d<\/p>\n\n\n\n
China\u2019s leadership has been under pressure to counteract slowing exports, a sluggish property sector, and rising trade tensions with Western countries. Premier Li\u2019s remarks are part of a broader campaign to restore confidence in the country\u2019s economic trajectory after a year of uneven performance.<\/p>\n\n\n\n
\u201cIn short, China remains the country that provides the greatest driving force for global economic growth,\u201d he said, positioning Beijing\u2019s evolving domestic focus as a benefit to international partners.<\/p>\n\n\n\n
Li\u2019s comments follow recent assessments by the International Monetary Fund and World Bank, both of which signaled a potential deceleration in Asia-Pacific growth. China\u2019s slower-than-expected rebound and subdued import levels have prompted concerns that its contribution to regional trade may diminish in the near term.<\/p>\n\n\n\n
Imports into China have remained soft over the past six months, raising questions about the depth of internal demand and the country\u2019s role in supporting supply chains across Asia.<\/p>\n\n\n\n
Despite the caution from global observers, Beijing continues to frame its economic shift as a structural transition. The push toward a consumption-driven model is seen as a long-term strategy to reduce reliance on investment and exports and create more sustainable growth.<\/p>\n\n\n\n
\u201cThis transformation will not only serve China\u2019s development but also offer more room for international cooperation,\u201d Li added.<\/p>\n\n\n\n
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Premier says domestic demand, reforms will sustain momentum Chinese Premier Li Qiang on Thursday reaffirmed that China remains the world\u2019s most powerful engine of economic growth, citing ongoing reforms and a pivot toward consumption as key factors in maintaining momentum despite global headwinds. Speaking at the Asian Infrastructure Investment Bank\u2019s annual meeting in Beijing, Li<\/p>\n","protected":false},"author":5,"featured_media":6712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4226,4227,2721,2928,4225,4224,4223,1859],"class_list":{"0":"post-6711","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-world","8":"tag-asian-infrastructure-investment-bank","9":"tag-china-consumption-model","10":"tag-china-economy","11":"tag-domestic-demand","12":"tag-global-growth-engine","13":"tag-imf-china-forecast","14":"tag-li-qiang-speech","15":"tag-trade-tensions"},"_links":{"self":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6711"}],"collection":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=6711"}],"version-history":[{"count":1,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6711\/revisions"}],"predecessor-version":[{"id":6713,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/posts\/6711\/revisions\/6713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=\/wp\/v2\/media\/6712"}],"wp:attachment":[{"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=6711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=6711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guardianglobe.org\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=6711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}