TIANJIN, China — Chinese Premier Li Qiang warned on Wednesday that global trade tensions were “intensifying” as he addressed the opening ceremony of the World Economic Forum (WEF).
TIANJIN, China — Chinese Premier Li Qiang warned on Wednesday that global trade tensions were “intensifying” as he addressed the opening ceremony of the World Economic Forum .Officials including Singaporean Prime Minister Lawrence Wong are among those attending this week’s gathering in the northern port city of Tianjin, known colloquially as the “Summer Davos.
Officials have since late last year rolled out a series of steps intended to boost spending, including key interest rate cuts and steps to encourage homebuying.But results have been varied, just as added pressure on trade from US tariffs threatens to hit the country’s vast manufacturing sector.‘Me first’ approachLi’s speech at the WEF gathering sought to portray China as a staunch defender of a rules-based international trading system that is now under attack by the Trump administration.
Warns Global Trade Tensions ‘Intensifying’
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