China's premier says West's economic de-risking 'false proposition'
Chinese Premier Li Qiang slammed efforts in the West to "de-risk" the global economy as a "false proposition" on Tuesday, as he opened a meeting known as the Summer Davos in northern China.
"In the West, some people are hyping up what is called 'cutting reliance and de-risking'," Li told delegates in a wide-ranging speech calling for deepening economic globalisation and cooperation.
"These two concepts... are a false proposition, because the development of economic globalisation is such that the world economy has become a common entity in which you and I are both intermingled," he said.
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"The economies of many countries are blended with each other, rely on each other, make accomplishments because of one another, and develop together," he added.
"This is actually a good thing, not a bad thing."
This week's meeting of the World Economic Forum in the port city of Tianjin – known colloquially as the "Summer Davos" – is the first of its kind after a three-year hiatus caused by the Covid pandemic. It will last until Thursday.
