![]() ![]() Still less, overstretch the concept of risk or turn it into an ideological tool." "Governments and relevant organisations should not overreach themselves. ![]() "It is businesses that are most sensitive and are in the best position to assess such risks," he said. That was a message Li reiterated on Tuesday. During his trip last week, Li urged German CEOs to take the lead on risk-proofing their supply chains, saying they were better placed to do so than their governments. The US and European allies are seeking to reduce their supply chain reliance on China in order to "de-risk" their economies, an approach that Beijing has criticised as a form of decoupling that it says would be harmful to growth and investment. In his first overseas trip as premier, Li also shared a stage with US Treasury Secretary Janet Yellen, who plans to visit Beijing in early July for the first high-level economic talks with her new Chinese counterpart, people familiar with the scheduling said this week. Li's speech at the event came after he travelled to Europe last week to meet with leaders from Germany and France, in a bid to reset ties with Beijing's major trading partners as Berlin finalises its updated China security strategy. The forum is being attended by leaders from the worlds of economics and politics, including New Zealand Prime Minister Chris Hipkins, director-general of the World Trade Organization Ngozi Okonjo-Iweala, and Saudi Arabia's minister of economy and planning, Faisal Alibrahim. ![]() The three-day event in Tianjin is a chance for China to woo overseas capital and global governments. More details are likely to come after a key meeting next month of the Communist Party's Politburo, the top decision-making body led by President Xi Jinping. "The way to do it is that there will be more stimulus coming out and probably regulatory relaxation as well." "China seems to be rather confident in terms of maintaining its growth target," said Gary Ng, senior economist at Natixis SA. ![]()
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