Chinese premier exchanges ideas with entrepreneurs at Summer Davos

TIANJIN -- Chinese Premier Li Qiang attended a symposium at the 16th Annual Meeting of the New Champions, also known as Summer Davos, in north China's Tianjin Municipality, exchanging ideas with business entrepreneurs.

After hearing the remarks from representatives, Li noted that the current international landscape is in the midst of profound and complex changes, posing significant challenges to global economic development.

Some 160 business representatives from more than 30 countries and regions attended the symposium.

The Chinese economy maintained stable growth, relying not only on a solid foundation of stability and improvement, and proactive and effective macro policies, but also on the effective utilization of market forces and the resources of enterprises, including substantial contributions from foreign-funded enterprises, the premier said.

At the same time, China offers a vast stage for the development of foreign-funded enterprises, Li noted.

Li said that in the face of a world of change and disorder, it is essential to adapt to the changing times and to respond proactively and effectively to various challenges and risks, creating a conducive environment for business development.

In the context of in-depth restructuring in the global industrial chain, the quality and efficiency of industrial supply structure are particularly important, Li noted, adding that China has strong industrial support capabilities, with its industrial and supply chains optimizing continuously.

While highlighting the importance of the speed of application of new technologies and the capability for technological upgrades, Li noted that China has a vast user base for various products and services, facilitating efficient interaction between technological innovation and industrial innovation.

There is substantial space and significant opportunities for companies from around the world to engage in scientific and technological cooperation and collaborative innovation in China, Li added.

Noting that the stability of the business development environment is vital, Li said that Chinese economy demonstrates a stability that can withstand external shocks and maintain its own pace, and the stability is further reflected in China's unwavering commitment to opening up to the outside world, enabling multinational enterprises to achieve greater success and better development in China.

Li expressed his expectation that enterprises from various countries will provide more quality products and services to the Chinese market, and strengthen technological and industrial cooperation with Chinese companies, better aligning supply and demand for mutual benefits and shared progress in technological advancement and industrial competitiveness.

China will continue to welcome foreign enterprises to invest in the country, the premier said.

Representatives at the symposium said that they remained confident in China's economic prospects, opening up and cooperation, and they would increase investment in technological innovation, and ensure smooth running of industrial and supply chains, thereby achieving greater development while integrating into China's high-quality development process.