Chinese Premier Urges Strengthening Multilateral Trading System to Promote Global Economic Stability

Chinese Premier Li Qiang delivered a keynote address at the ASEAN-China-GCC Economic Forum 2025 on Tuesday, underscoring the critical need for all participating nations to resolutely uphold the multilateral trading system anchored by the World Trade Organization. Premier Li emphasized that strengthening such a system is essential for ensuring a stable and orderly international market environment, especially amidst the backdrop of growing protectionism and unilateral actions in parts of the world.

In his remarks, Premier Li reflected on the successful conclusion of the recent ASEAN-China-GCC Summit, calling it a milestone that has opened a new chapter in trilateral cooperation. The summit, which focused on “Synergizing Economic Opportunities Towards Shared Prosperity,” saw in-depth discussions aimed at aligning economic trajectories and pooling resources for common benefit. Li stressed that, in today’s interdependent global environment, collaborative approaches to shared challenges can themselves generate new opportunities for each region involved.

Addressing concerns over escalating geopolitical tensions and confrontations, Li advocated for steadfast commitment to mutual trust and solidarity among China, ASEAN, and the GCC nations. He stated that such unity would foster long-term strategic advantages and be a catalyst for sustained, robust growth across all three regions. By confronting headwinds together, the premier argued, these economies can build resilient partnerships capable of withstanding global uncertainties.

Premier Li highlighted the historic roots and deep ties of friendship among China, ASEAN, and GCC economies, noting that this longstanding foundation positions the trilateral partnership for further expansion. He predicted that ongoing collaboration would result in higher levels of economic efficiency and innovation, broadening the space for shared success and prosperity.

Speaking about China’s own economic outlook, Li reported continued signs of recovery and resilience since the start of the year, crediting proactive policy measures for boosting confidence and countering cyclical pressures. Looking ahead, he pledged that China would remain focused on expanding domestic demand and strengthening internal circulation, thus enhancing its economic momentum and sustainability.

Li also reaffirmed China’s commitment to deepening high-level opening up. He voiced confidence in the ability of both the Chinese government and its people to maintain steady and forward progress, likening the country’s trajectory to a “big ship” able to navigate through any storm. This assurance comes as China seeks to further integrate into the global economic landscape despite facing numerous external challenges.

Malaysian Prime Minister Anwar Ibrahim, also present at the forum’s opening ceremony, praised the inaugural ASEAN-China-GCC Summit for issuing a joint statement that signaled strong trilateral solidarity. Anwar described China as an indispensable partner for both ASEAN and the GCC, playing a vital role in regional economic development, peace, and the maintenance of international fairness. He reiterated ASEAN’s dedication to independence and self-reliance, along with its ongoing efforts to deepen partnerships in areas such as trade, investment, and broader economic collaboration.

The forum’s proceedings reflect a growing recognition among Asian and Gulf nations of the importance of concerted, cooperative strategies in navigating a rapidly changing world. Participants said they remain committed to not only reinforcing their existing ties but also charting new paths toward prosperity and stability for the wider region.