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Li Qiang Pledges Greater Opening and More Imports at China Development Forum

The pledge targets international unease over a record 2025 goods trade surplus.

Overview

  • Speaking to global executives in Beijing, the premier said China will import more high‑quality foreign goods and pursue balanced trade, calling protectionism no solution and criticizing power politics.
  • He vowed full national treatment for foreign companies and a more predictable business environment to help investors operate with confidence.
  • Central bank governor Pan Gongsheng said assessments of imbalances must include services, noting China runs the largest services deficit, and he rejected using yuan depreciation to gain a trade edge.
  • Beijing is courting foreign investment after recent declines, adding 200 sectors to incentive lists and promising stronger intellectual property protection and clearer rules to multinational drugmakers.
  • The forum drew senior leaders from companies such as Apple, with the gathering used to reassure partners after the $1.2 trillion 2025 goods surplus and recent trade frictions.