China defends free trade and globalisation
1 July, 2017
Chinese Premier Li Keqiang defended the globalisation on the eve of the G20 summit in Hamburg, Germany on 7-8 July. Speaking at the World Economic Forum in the northern Chinese city of Dalian last Tuesday, Li said that free trade is the precondition of fair trade. He compared countries that are blaming globalisation for their economic difficulties with a person who sprains an ankle on an uneven road and blames the road instead of adapting to it. Li's speech at this event known as the Summer Davos, was reminiscent of Chinese President Xi Jinping's vigorous defence of globalisation and free trade in Swiss Davos in January and contrasted with US President Donald Trump's protectionist measures.
European companies last month said they find it difficult to conduct business in China and feel less welcome than before. Li promised that China would further open up its markets and treat domestic and foreign enterprises equally.