China’s Premier Li at World Economic Forum in Tianjin is dissing Trump

China’s Premier Li at World Economic Forum in Tianjin:

• The world economy and international economic and trade cooperation once again face new difficulties and challenges
• Current economic and trade system is becoming more diverse, the structure of international trade is also undergoing continuous adjustments
• The risk of fragmentation in global industrial supply chains is on the rise
• Some countries and regions are interfering with the international market division of labour, citing the need to mitigate risks
• There are some disruptive factors continuously impacting the international economic and trade landscape, while there are also some positive forces actively seeking to establish common ground
• In the process of participating in the reshaping of international economic and trade rules and order, it is essential to follow the ‘right path’ and align with ‘prevailing trends’
• Economic globalisation moves forward with ‘twists and turns’, spiraling upwards
• In the process of participating in the reshaping of international economic and trade rules and order, it is essential to follow the ‘right path’ and align with ‘prevailing trends’
• It is essential to proactively implement more practical measures, uphold free trade and multilateralism
• China is willing to work with other countries around the world to actively seek common ground while reserving differences
• We should adhere to principle of joint deliberation and sharing, strengthen macro-policy coordination, and safeguard stability of global industrial and supply chains
• China will continue to enhance global connectivity and promote sustainable development
• China will actively participate in G20, BRICS
• Judging from key indicators, China’s economy showed a steady improvement in Q2
• Regardless of how the international environment evolves, China’s economy has consistently maintained a stron momentum for growth
• We are confident in out ability to maintain a relatively rapid growth rate for China’s economy

This article was written by Eamonn Sheridan at www.forexlive.com.