Energy News
TRADE WARS
Chinese premier warns world financial leaders of 'deglobalisation' risks
Chinese premier warns world financial leaders of 'deglobalisation' risks
by AFP Staff Writers
Beijing (AFP) Dec 9, 2024

China's number two leader warned on Monday that "deglobalisation" was putting further strain on the world economy, as he welcomed the heads of multilateral financial institutions to Beijing.

Premier Li Qiang made the remarks in his opening speech at a summit attended by the top leaders of organisations including the International Monetary Fund, the World Trade Organisation and the World Bank.

"In the context of weak world economic growth currently, uncertainty... has further increased, causing major interference to the operation of the world economy," Li told attendees at the Chinese capital's opulent Diaoyutai State Guesthouse.

He added that "the number of new discriminatory trade and investment measures globally has increased annually" since 2020.

"It can be said that the trend of deglobalisation is getting worse and worse," Li said.

China is battling headwinds including a prolonged debt crisis in the property sector and high youth unemployment, while official data released just ahead of Li's remarks showed the nationwide inflation rate slowed to 0.2 percent in November in a further sign of weak demand.

The country's leaders are looking for ways to shore up foreign trade before the inauguration of US President-elect Donald Trump, who has threatened to slap onerous tariffs on Beijing.

Li criticised "some countries" for "imposing high tariffs at every turn (and) setting up protective barriers with more and more restrictions on trade", but did not mention the United States or Trump by name while reporters were present.

Trump initiated a gruelling trade war with China in his first term, accusing Beijing of intellectual property theft and other "unfair" trade practices.

He has promised to levy even higher taxes on imports from the world's second-largest economy after taking office next month.

China unveiled measures last month intended to boost trade, including an expansion of export credit insurance, strong financing support for foreign companies and smoother cross-border trade settlements.

Related Links
Global Trade News

Subscribe Free To Our Daily Newsletters
Tweet

RELATED CONTENT
The following news reports may link to other Space Media Network websites.
TRADE WARS
EU and S.America countries conclude divisive trade deal
Montevideo (AFP) Dec 6, 2024
The EU and four South American countries concluded a huge but controversial trade deal on Friday despite fierce opposition from France, which called the agreement "unacceptable." The deal between Brussels and four members of the Mercosur bloc - Argentina, Brazil, Paraguay and Uruguay - aims to create a 700-million-customer free-trade area. EU Commission chief Ursula Von der Leyen announced the agreement finalizing negotiations on the accord, which has been 25 years in the making, at a Mercosur ... read more

TRADE WARS
Neo Space Group to acquire UP42 earth observation platform from Airbus

How Mobile Technology is Changing the Geospatial Game

NASA data reveals role of green spaces in cooling cities

Commercial Earth Observation to exceed $8 billion by 2033

TRADE WARS
Deciphering city navigation AI advances GNSS error detection

GPS alternative for drone navigation leverages celestial data

China advances next-generation BeiDou satellite navigation system

Space Systems Command and U.S. Navy achieve major MGUE program milestone

TRADE WARS
Beeches thrive in France's Verdun in flight from climate change

Congo Basin forests shrink due to illegal logging

EU states oppose watering down embattled deforestation ban

Biden touts climate legacy in landmark Amazon visit

TRADE WARS
A new catalyst can turn methane into something useful

From chip shop grease to efficient fuel alternative

Liquid Sun secures funding to scale sustainable aviation fuel production

Turning emissions into renewable methane fuel

TRADE WARS
A new protocol to enhance flexible solar technology durability

A new method boosts efficiency of organic solar cells

So you want to build a solar or wind farm? Here's how to decide where

How efficient solar cells can be made with non-toxic processes

TRADE WARS
BP to 'significantly reduce' renewables investment

Baltic Sea wind farms impair Sweden's defence, says military

Sweden blocks 13 offshore wind farms over defence concerns

Sweden's defence concerned by planned offshore wind power

TRADE WARS
In Bosnia, the path to renewables runs through its coal mines

China expected to hit peak coal consumption in 2025: report

Police arrest 170 after floating blockade of Australian coal port

Wealthy nations pledge 'no new coal' at COP29

TRADE WARS
Cathay Pacific pulls in-flight Family Guy episode mentioning Tiananmen

Hong Kong mega development plan to devour villages, wetlands

Nepal PM departs for China visit, breaking with India tradition

US says China travel advice contingent on not detaining Americans

Subscribe Free To Our Daily Newsletters




The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.