Chinese Premier Li calls for global cooperation, says China open for business

Chinese Premier Li Qiang, addressing the World Economic Forum, reassured the global business community of China's open economy amid concerns about a sluggish post-pandemic recovery and a real estate slump. Stressing the need to remove barriers to competition and cooperate on global challenges, Li highlighted China's rebound with an estimated 5.2% growth in 2023. European Commission President Ursula von der Leyen urged action on the Europe-China trade imbalance. Despite skepticism in boardrooms, Li pledged to address concerns and emphasized that investing in China is an opportunity, not a risk.
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