China's second-in-command Li Qiang delivered a speech at the UN emphasizing multilateralism and criticizing unilateral actions and protectionism, especially highlighting concerns about US policies, while positioning China as a defender of global order amid rising tensions and competition with the US.
As the US and China finalize a tariff negotiation framework, Chinese Premier Li Qiang positions China as a stabilizing force and global trade leader amid economic uncertainties, comparing current global economic confusion to the 2008 financial crisis.
Chinese Premier Li Qiang emphasized the importance of international collaboration on trade, urging countries not to politicize or securitize trade issues, and expressed confidence in China's economic growth and global integration despite challenges.
Chinese official Li Qiang praises the friendly ties between China and Ireland as a positive example, highlighting the strong diplomatic relations between the two countries.
Italian Prime Minister Giorgia Meloni has informed Chinese Premier Li Qiang that Italy plans to withdraw from China's Belt and Road Initiative (BRI). This decision comes after Italy's foreign minister expressed dissatisfaction with the BRI agreement, and the Italian Defense Minister characterized their initial decision to join as regrettable. Meloni has consistently stated her belief that the agreement was a mistake and intends to rectify it.
Chinese Premier Li Qiang's visit to Germany and France may help reset EU trade ties, but the EU's de-risking push with China casts a shadow over the trip. De-risking with China is an overarching trend that will continue to deepen, according to observers.
Elon Musk is expected to meet with French President Emmanuel Macron as competition to site another Tesla plant in Europe heats up. Li Qiang, China's Premier, is also heading to Europe with stops in France and Germany. Meanwhile, U.S. Secretary of State Anthony Blinken arrives in Beijing Friday to address heightened U.S-China tensions. Tesla's plans to expand its Shanghai facility reportedly face roadblocks, with China concerned about EV overcapacity and the price war started by Tesla.