China's Li urges not to turn trade into a political or security issue
"Globalization will not be reversed," he said through an official English translation, as he called on all sides to not to turn trade into political and security issues.
Engaging in the international economy is a way of "reshaping the rules and order," Li added.
Li did not comment specifically on U.S. tensions or the Israel-Iran conflict. He was speaking at the opening plenary of the World Economic Forum's annual conference in China, often dubbed "Summer Davos."
Singapore's Prime Minister Lawrence Wong, Vietnam's Prime Minister Pham Minh Chinh and Ecuadorian President Daniel Noboa Azín were among the top political leaders attending this year, according to a forum press release.
JD.com Founder and Chairman Liu Qiangdong and TCL Founder and Chairman Li Dongsheng were among the listed conference attendees.
In the last week, Li has met with the leaders of Singapore, Vietnam, New Zealand, Ecuador and Kyrgyzstan, according to Chinese state media.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
28 minutes ago
- Yahoo
China-Made Tesla Sales Rose in June. Is This the Lifeline TSLA Stock Needed?
Tesla (TSLA) shares are pushing to the upside on Wednesday after data from the China Passenger Car Association confirmed the automaker's sales of China-made electric vehicles increase 0.8% on a year-over-year basis in June. Though modest, the increase is significant given it snapped TSLA's eight-month losing streak in one of its biggest global markets. Despite today's gain, Tesla stock is down 13% versus its high set in the final week of May. Is UnitedHealth Stock a Buy, Sell, or Hold for July 2025? Is MicroStrategy Stock a Buy, Sell, or Hold for July 2025? Circle Just Applied for a Bank Charter. How Should You Play CRCL Stock Here? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. While China data sure is positive for investors, it's not very likely to help Tesla shares extend gains further since the automaker's overall deliveries for the second quarter came in down 14% year-over-year on Wednesday. The company delivered just 384,122 vehicles in its fiscal Q2, down significantly from 443,956 deliveries in the same quarter last year – reinforcing concerns that TSLA is losing market share to its Chinese rivals. Tesla Inc has recently had a successful launch of robotaxi services in Austin, but it's still reasonable to assume that continued weakness in the core EV business will make it incrementally difficult for TSLA stock to print new highs in the near term. According to Steve Westly, a former member of Tesla's board, the EV maker needs three things to unlock its path to sustainable share price recovery. Tesla must launch a lower-cost ($25,000) model to compete more aggressively with rivals. Tesla needs regulatory approval for its robotaxi in multiple cities to catch up with Waymo. Tesla has to rebrand itself – which means less politics, more products, and lower prices. Westly remains confident that TSLA has the technology to compete across all verticals, but unless it 'finds a higher gear' – this EV stock may continue to fail in delivering the kind of gains that investors have come to expect of it, he told CNBC in an interview today. Investors should note that Wall Street firms are no longer bullish on Tesla stock either. According to Barchart, the consensus rating on TSLA shares currently sits at 'Hold' only with the mean target of about $297 indicating potential downside of some 5% from here. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
UPI
an hour ago
- UPI
Israeli drone strike kills 1 person, wounds 3 near Beirut
BEIRUT, Lebanon, July 3 (UPI) -- An Israeli drone struck a car on Thursday as it was driving along a highway at the southern entrance of Beirut, killing one person and wounding three others, according to the Lebanese Health Ministry. The Israeli Army claimed responsibility for the attack, saying that it targeted a "terrorist" working for Iran's Quds Force and involved in smuggling weapons. The drone fired one first missile, but missed the targeted car on the Khaled highway south of Beirut, prompting the driver to slow down and stop on the side of the road. A second missile hit and destroyed the car, killing the driver, who was identified as Qassem al-Husseini, according to witnesses on the scene and local reports. The Lebanese Health Ministry confirmed that one person was killed, and three others were injured. Israeli army spokesperson Avichay Adraee said in a post on X that the Israeli military carried out a strike in Lebanon targeting "a terrorist involved in weapons smuggling and plotting attacks against Israeli civilians and Army forces on behalf of the Iranian Quds Force." The Quds Force is an elite unit within Iran's Islamic Revolutionary Guards Corps, tasked with overseeing the country's foreign operations and supporting proxy groups across the Middle East. The Israeli English-language website described the attack as an "unusual move deep inside Lebanon." Hezbollah's run al Manar website reported that the Israeli strike hit "a civilian car with two missiles," inflicting several casualties. It gave no further details. Shortly afterward, Israeli warplanes carried out at least eight strikes on suspected Hezbollah positions in valleys near the Litani River in southern Lebanon. Ambulances rushed to the targeted sites, but there were no immediate details on casualties. Israel has continued striking southern Lebanon and other areas of the country since the Nov. 27 ceasefire accord, which was brokered by the United States and France to end a 14-month war between Hezbollah and Israel. The ongoing strikes, which Israel claims to target suspected Hezbollah positions, have killed more than 200 Lebanese civilians and Hezbollah field commanders since the ceasefire went into effect Feb. 18. Israel also refused to fully withdraw and retained five strategic positions inside south Lebanon and pledged to continue striking Lebanon to force the full disarmament of Hezbollah. In line with the cease-fire agreement, the Lebanese Army has taken control of most of Hezbollah's positions and military facilities, pushing the militant group away from the border with Israel and preventing it from having a military presence south of the Litani River. Lebanese President Joseph Aoun has also initiated a one-to-one dialogue with Hezbollah to discuss ways of securing its total disarmament per the cease-fire terms. Hezbollah, which has repeatedly resisted disarming and insisted on Israel's full withdrawal from south Lebanon, was expected to comment on a draft document prepared by the Lebanese authorities in response to U.S. demands concerning disarming Hezbollah and other armed groups in Lebanon. U.S. ambassador to Turkey and special envoy to Syria Thomas Barrack, who conveyed the American. conditions during a trip to Beirut on June 19, was expected back in Lebanon next week for follow-up discussions on the matter with the Lebanese officials. The United States also has urged Lebanon to improve ties with Syria and implement necessary and well-needed reforms to unlock funds for reconstruction and help solve its acute financial crisis. The Hezbollah-Israel war has killed or wounded more than 20,000 people since October 2023, when it started in support of Gaza. The Israelis' relentless strikes and bombardment caused widespread destruction estimated by the World Bank at $11 billion.
Bloomberg
an hour ago
- Bloomberg
US Keeps Up ‘Maximum Pressure' on Iran With New Oil Sanctions
The US took fresh steps to restrict the trade of Iranian oil, keeping up pressure on Iran even as President Donald Trump signaled possible relief after bombing its nuclear facilities. The Treasury and State departments on Thursday announced separate sanctions on companies and a 'shadow fleet' of vessels that help Iran export its crude.
