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China’s Premier Urges Private Enterprises to Prepare for Economic Storms


Photo by FMT
Photo by FMT

Summary


  • Premier Li Qiang has urged China’s foreign trade enterprises to prepare for external challenges, particularly mounting tariffs from the United States.

  • Li emphasized the importance of market diversification, innovation in trade channels, and product competitiveness as key strategies for overcoming economic difficulties.

  • The government is committed to supporting the private sector with stronger policies to improve the business environment and maintain growth in exports.


 

In a meeting held during his inspection tour of Fujian province, Premier Li Qiang urged China’s foreign trade enterprises to strengthen their ability to face the challenges ahead, particularly the impact of increased tariffs on Chinese imports by the United States. Li’s comments come as China’s export growth—a major pillar of its economic development—faces mounting pressure. With the return of President Donald Trump to the White House, the likelihood of further tariffs and other trade restrictions on China remains high, leading to significant uncertainty in the global trade market.

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