Chinam pledges to share technology and support trade with countries at WEF event

China’s Premier, He Lifeng, has vowed to open its doors to the world for trade interventions and share its technological advances. Speaking at the World Economic Forum’s annual conference (WEF) in China, he warned that global trade tensions risk fragmenting global supply chains.

The U.S. and China met earlier this month in London to strike a temporary deal to ease the escalation of tariff wars as the 90-day pause nears its end.

Lifeng revealed that China would provide its technological advancements to other countries, noting that they would add kinetic energy to global development, helping the world economy regain momentum. He cited the country’s high-speed railway and progress in electric vehicles as examples, highlighting the country’s transition from a manufacturing power to a mega consumer market.

Li urges not to turn trade into a political or security issue

Chinese Premier He Lifeng urged countries to collaborate on trade, despite the rising tariffs and other trade barriers. He acknowledged that globalization would not be reversed but would only carve out a new path, as he called on countries not to turn trade into a political or security issue.

Li said that engaging in the global economy is a way of reshaping the rules and order and that countries should keep on the right path.

Premier Li Qiang opened #AMNC25 with a clear message: the world’s challenges cannot be addressed in silos — they require #cooperation.

At @wef, we are committed to building bridges — between countries, sectors and generations — to turn shared ambition into scalable action. pic.twitter.com/eD9KHSbVXc

— Børge Brende (@borgebrende) June 25, 2025

Beijing has been at the forefront of positioning itself as a stable force for international commerce and development amid trade wars with Washington, D.C., that have threatened global supply chains.

Li said that China will further integrate and connect with the worldwide market and will not return to closed and isolated islands.  The two countries’ representatives met in London earlier this month to strike a temporary deal to ease tariff tensions. The 90-day pause on Trump tariffs is set to end on July 9, raising concerns for further disruptions to global trade.  

According to Li, some countries and regions have interfered with market activity in the name of de-risking. He referred to Western countries’ push to protect their economies from China. He added that the global economy is becoming more diverse, and the global south is rapidly gaining momentum.

Pan Gonsheng, governor of the People’s Bank of China, criticized the U.S. dollar last week over its dominance and advocated for a multi-polar currency order with a growing role for the renminbi.

Li revealed that Chinese technological innovation is open-source and willing to share. He cited the top AI groups DeepSeek and Alibaba, which have made their large language models available to developers worldwide.  

Li says China is transitioning from a manufacturing power to a mega consumer market

The Chinese Premier pledged that China is working to expand its domestic demand to become a massive consumption-driven economy, not just a manufacturing power. He hopes that the transition will create vast new market opportunities for businesses worldwide. He also urged entrepreneurs to cooperate by sharing resources to strengthen their complementary advantages and avoid competition that harmed China’s industrial sector.

The WEF event came amid China’s struggles with a protracted property crisis, high unemployment, and slow domestic spending. However, China has unveiled a series of measures to stimulate the economy despite challenges faced from tariff wars. The country still achieves its official growth target of 5%, and economists believe the government could account for 30% of global growth this year. 

Li acknowledged that it is okay for countries to have differences and disagreements in economic and trade agreements. Still, China is ready to make persistent efforts with all countries to build a strong consensus. He said the global economy is deeply connected and no government can sustain its prosperity in isolation from the world. 

Singapore’s Prime Minister Lawrence Wong, Vietnam’s Prime Minister Pham Minh Chinh, and Ecuadorian President Daniel Noboa Azin were noted as top political figures who attended the WEF event. Other guests included Sir Tony Blair, former UK Prime Minister, and Harvard political scientist Graham Allison.

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