WEF Davos 2024: China’s economy rebounds, says PM Li Qiang
(VOVWORLD) - Chinese Premier Li Qiang said Tuesday the Chinese economy has rebounded and moved upward, and is estimated to have grown around 5.2% in 2023, above the set target of 5%.
 Chinese Premier Li Qiang speaks at the World Economic Forum 2024 in Davos on January 16, 2024 (Photo: REUTERS/Denis Balibouse) |
Speaking at the World Economic Forum in Davos, Li said the Chinese economy can handle ups and downs in its performance, and the overall trend of long-term growth will not change.
Mr. Li said the Chinese economy is open for business activities and highlighted its potential for foreign investment as China’s vast population is becoming rapidly more urban and its middle class is forecast to grow.
The Premier said healthy competition is the key to cooperation and innovation, adding that the world needs to remove barriers to competition and cooperate on environmental strategies and international scientific exchange.
Li said AI must be people-centered, inclusive, and bring benefits for all. The world must work for good AI with good governance, and guide AI in a direction that is conducive to the progress of human civilization.