Chinese Premier He Lifeng has committed to opening up to global trade and sharing technology at the World Economic Forum (WEF). He warned that trade tensions could fragment global supply chains. China will provide technology to other countries, highlighting the shift from a manufacturing powerhouse to a large consumer market.
He called on countries to cooperate in trade and not to turn it into a political issue. Li said that China will continue to integrate with the global market and will not revert to isolation. Despite difficulties from the real estate crisis and high unemployment rates, China still aims for a growth target of 5% and could account for 30% of global growth this year.
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