China Fully Prepared for External Shocks, Says Premier in Conference with Enterprises

Chinese Premier Li Qiang assured business leaders on Sunday that China stands fully prepared to withstand external economic shocks, emphasizing the nation’s readiness to face growing international uncertainties. Speaking at a symposium with representatives of major Chinese enterprises in Jakarta, Indonesia, Li highlighted the ongoing recovery and resilience within China's economy, particularly noting the robust performance of foreign trade sectors despite turbulent global conditions.

The symposium brought together executives from leading corporations such as China Energy Investment Corporation, Huawei, SAIC Motor, New Hope Group, Tsingshan Holding Group, and TCL Technology Group. After engaging with the assembled business leaders, Premier Li acknowledged the considerable challenges currently disrupting the international economic and trade landscape, including escalating trade barriers and further fragmentation of industrial and supply chains. He described the impact as significant, affecting nations worldwide and requiring coordinated responses.

In his remarks, Li outlined the Chinese government’s efforts to confront these headwinds, stating that China has intensified counter-cyclical macro policy adjustments and adopted a proactive fiscal approach paired with a moderately loose monetary stance. Stressing the importance of sustaining economic momentum, he emphasized that China is not only implementing measures to stabilize employment and the overall economy but is also researching new policy tools, some of which may involve unconventional actions. These steps, Li affirmed, will be introduced swiftly in light of evolving global circumstances.

Li expressed strong confidence in China's ability to maintain and promote steady economic improvement. He acknowledged the specific difficulties faced by Chinese enterprises operating overseas, pledging ongoing support from the government to create a more favorable environment for their development abroad. China, Li said, seeks to deepen economic and trade cooperation with more countries, offering increased opportunities, robust policy backing, and a foundation for companies to thrive internationally.

Chinese investment in Indonesia, according to Li, has experienced remarkable growth, positively influencing bilateral economic relations and fostering greater people-to-people exchanges between the two nations. Looking ahead, he encouraged enterprises to pursue excellence, solidify their positions within Indonesia, and expand their presence throughout the Association of Southeast Asian Nations (ASEAN) region.

Premier Li urged businesses to capitalize on their strengths, seek new markets, and strive for higher quality and efficiency in their international operations. He called on Chinese enterprises to actively fulfill social responsibilities, uphold regulatory compliance, and contribute more deeply to local economies. By doing so, he noted, they would serve as ambassadors of friendship and collaboration, enhancing China’s global image and achieving further growth and accomplishments on the world stage.

Company representatives attending the symposium voiced their commitment to navigating global uncertainties through innovation and entrepreneurship. Focusing on their unique assets, they reiterated their resolve to tackle challenges and expand into new overseas markets. The participants highlighted the steady progress of the China-Indonesia comprehensive strategic partnership, expressing enthusiasm for deeper investment collaborations, especially in fields such as the green economy, connectivity, and the strengthening of industrial and supply chains. Their objective, they concluded, remains to realize mutual benefit and win-win outcomes for both countries.