"China's Premier Li Promotes Growth and Openness to Global Business"

Chinese Premier Li Qiang assured business leaders at the World Economic Forum in Davos that China's economy is open for foreign investment, emphasizing its growth potential as its urban population and middle class expand. Despite concerns about a post-pandemic recovery and real estate slump, Li stated that China's economy rebounded and grew around 5.2% in 2023, above the official target. He emphasized the importance of healthy competition, global cooperation, and stable supply chains, while addressing concerns of the global business community and reaffirming China's commitment to opening up its economy.