IN A SPECIAL address to the World Economic Forum’s 54th Annual Meeting, China’s Premier Li Qiang offered a positive prognosis for China’s overall economic health, and laid out China’s vision for open, collaborative, pro-business policies for both domestic and multinational enterprises.
In opening remarks delivered before introducing the premier, Klaus Schwab, the founder and executive cairperson of the World Economic Forum, sounded the meeting’s theme of rebuilding global trust, saying that “trust is a fundamental pillar of our social, economic and political life. It is vital for co-operation, social cohesion and effective functioning of institutions.”
Addressing that theme directly, Li offered five proposals to address the trust deficit in the global macroeconomy: better international co-ordination of macroeconomic policy; more industrial specialisation among countries in order to stabilise supply chains; more…