Chinese Premier Li Qiang said his country has ample policy tools to “fully offset” any negative external shocks, and reiterated his optimism about the growth of the world’s second-largest economy in 2025, despite the latest tariff threat from US President Donald Trump.
During a call with European Commission President Ursula Von der Leyen on Tuesday, Li said China’s macroeconomic policies this year have fully taken account of various uncertainties, according to an official readout. Beijing is strongly confident about maintaining the country’s healthy and sustainable economic growth, added Li — China’s No. 2 official, after President Xi Jinping.
The China-EU call came hours before both economies are set to be hit by Trump’s so-called reciprocal tariffs. While Europe faces an added 20% levy, China is in line for a massive surtax of totaling 104% starting 12:01 a.m. April 9.
“Protectionism leads nowhere — openness and cooperation are the right path for all,” Li told Von der Leyen.
During a call with European Commission President Ursula Von der Leyen on Tuesday, Li said China’s macroeconomic policies this year have fully taken account of various uncertainties, according to an official readout. Beijing is strongly confident about maintaining the country’s healthy and sustainable economic growth, added Li — China’s No. 2 official, after President Xi Jinping.
The China-EU call came hours before both economies are set to be hit by Trump’s so-called reciprocal tariffs. While Europe faces an added 20% levy, China is in line for a massive surtax of totaling 104% starting 12:01 a.m. April 9.
“Protectionism leads nowhere — openness and cooperation are the right path for all,” Li told Von der Leyen.
7 months ago
