China touts itself as ‘harbour of stability’ to global CEOs
Financial Times • • general
Key Points:
- China hosted its annual China Development Forum in Beijing, aiming to attract global CEOs by promoting the country's safety, reliability, and stable economic environment compared to the US amid geopolitical tensions.
- Premier Li Qiang emphasized China's commitment to high-level opening up, importing quality foreign goods, and fostering balanced global trade, positioning China as a "cornerstone of certainty" amid rising trade protectionism.
- The forum highlighted China's new five-year economic plan to 2030, focusing on manufacturing-oriented high-tech industrial policy, which raises concerns in the West about increased competition and impact on local industries.
- People's Bank of China governor Pan Gongsheng defended China's export competitiveness as driven by reforms and strong supply chains, while criticizing the international monetary system dominated by a
