Global Trade Takes the Spotlight: China's Urgent Call for Economic Reform

Premier Li Qiang highlighted the worsening impact of tariffs at a global summit with economic leaders, urging reform in economic governance. Amid rising trade surpluses linked to U.S. tariffs, Li emphasized the role of AI in transforming trade and fostering new industries like smart robots and wearable devices.

China's Premier Li Qiang emphasized the increasing negative impact of tariffs during a significant dialogue attended by international economic leaders, urging reforms in global economic governance.

He cited China's $1 trillion trade surplus, affected by U.S. tariffs, as a factor diverting shipments and pressuring manufacturing in other economies.

Li highlighted the centrality of artificial intelligence in global trade, citing China's DeepSeek model as pivotal in transforming industries and fostering growth in new sectors, such as smart robots and wearable technology.

(With inputs from agencies.)