WEF Tianjin Conference: Chinese Prime Minister affirms to promote green transformation

Chinese Premier Li Qiang said on June 27 that the country will roll out measures to boost domestic consumption, activate the vitality of market entities, promote coordination in cooperation, accelerate green transformation, and promote foreign investment in high-tech manufacturing.

Speech at the 14th Annual Pioneers Meeting of the World Economic Forum (WEF)

In Tianjin, China, Li Qiang said that China will launch more effective and practical measures to implement the above plans and programs. However, the leader did not elaborate on China's economic development plans, leaving investors to wait for specific details mentioned in the economic stimulus policies that the Chinese government will announce in the coming time.

Chinese Premier Li Qiang speaks. Photo: Yang Jiang-VNA

Announcing China's economic development, Li Qiang said that economic growth in the second quarter of 2023 is expected to be higher than that of the first quarter of 2023 and is expected to reach the annual growth target of about 5%. In the first quarter of 2023, China's Gross Domestic Product (GDP) growth reached 4.5% year-on-year.

Premier Li Qiang said that the trend of globalization has not changed or been affected despite the recent "headwinds" the world economy has witnessed, and affirmed that Beijing still opens its doors to welcome foreign investors and businesses.

The WEF Tianjin Conference is the second largest and most important event of the WEF after the Annual Conference in Davos. This year's Conference attracted the participation of more than 1,400 delegates, including Prime Ministers/Ministers from 21 countries, and leaders from 850 corporations, agencies and global organizations. Vietnam is one of five countries selected to attend at the Prime Minister level, along with the Prime Ministers of China, New Zealand, Mongolia and Barbados.

According to VNA/Tin Tuc Newspaper

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