China's Li urges not to turn trade into a political or security issue
Chinese Premier Li Qiang delivers a speech during the opening ceremony of the World Economic Forum Annual Meeting of the New Champions (AMNC25) in Tianjin on June 25, 2025.
Jade Gao | Afp | Getty Images
TIANJIN, China — Chinese Premier Li Qiang on Wednesday called on other countries to collaborate on trade, despite rising tariffs and other barriers.
"Globalization will not be reversed," he said through an official English translation, as he called on all sides not to turn trade into a political or security issue.
Engaging in the international economy is a way of "reshaping the rules and order," Li added, calling on countries to keep to the "right" path.
Li did not comment specifically on U.S. trade tensions or the Israel-Iran conflict. He was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."
Describing Li's comment on "reshaping the rules and order" as "very interesting," Adam Tooze, professor of history at Columbia University, said: "I think what we're going to see is a pluralization."
What's needed is more about processes rather than focusing on who is setting the "order," he told CNBC.
In the speech, Li referred to how more than 30 countries signed a "Convention on the Establishment of the International Organization for Mediation" in Hong Kong last month. He called it a way of using "the wisdom of the East in resolving international disputes."
Li also maintained an upbeat view on the Chinese economy during the conference, and said authorities would implement measures to "make China a mega-sized consumption powerhouse" in addition to being one in manufacturing.
Louise Loo, lead economist for China at Oxford Economics, noted that Li was "quite confident in the organic growth momentum within China."
"We still think that there are challenges [for China] this year, but I think it's not as far-fetched as we thought before," Loo told CNBC's Emily Tan on The China Connection show.
Weekly analysis and insights from Asia's largest economy in your inbox
Subscribe now
"However punitive tariffs are, I think in the near term, it's quite hard to decouple China from global supply chains, and that means we will continue to see China exports, at least, remain quite competitive, and that should support economic growth for the Chinese," she added.
Singapore's Prime Minister Lawrence Wong, Vietnam's Prime Minister Pham Minh Chinh and Ecuadorian President Daniel Noboa Azín were among the top political leaders attending this year, according to a forum press release.
JD.com Founder and Chairman Liu Qiangdong and TCL Founder and Chairman Li Dongsheng were among the listed conference attendees.
In the last week, Li has met with the leaders of Singapore, Vietnam, New Zealand, Ecuador and Kyrgyzstan, according to Chinese state media.
— CNBC's Victoria Yeo contributed to this report.
Latest World News copy
- Israel-Iran live updates: U.S. strikes failed to destroy 'core pieces' of Tehran's nuclear program, intel report saysA ceasefire agreed to by Israel and Iran appears to be holding after it was announced by President Donald Trump.
- Greece is one of NATO's top defense spenders. Here's whyGreece has consistently been one of NATO's top defense spenders, with its tense relationship with Turkey being a key factor in this policy.
- European defense stocks jump 1% as world leaders meet for NATO summitJoin CNBC for live updates on European markets.
- S&P 500 futures are little changed as index nears all-time high: Live updatesStocks finished Tuesday's session in the green, bringing the S&P 500 closer to its record.
- CNBC's The China Connection newsletter: Whispers of a new world order in Tianjin"Summer Davos" conference in Tianjin, China, had an undercurrent of navigating a future less intertwined with Washington.
- Europe must wake up amid 'very complicated' relations with the U.S., former Italy PM saysRenzi's comments to CNBC come after Trump said the EU was "not going to be able to help" bring an end to the Israel-Iran conflict.