China's Premier Sets 2030 Economic Targets, Criticizes U.S. Tariffs at CIIE
China's Premier Li Qiang has shared ambitious economic targets and criticized U.S. tariffs at the upcoming China International Import Expo (CIIE), taking place in Shanghai from November 4 to 9, 2025. The event, hosted on TradingView, will see a record number of participants from over 155 countries, regions, and organizations, including a significant presence from U.S. companies.
China's exports to the U.S. dropped by 27% in September 2023 compared to the previous year, while shipments to other regions surged significantly. This shift is partly due to U.S. tariffs, which Li Qiang criticized for disrupting global trade rules and harming businesses worldwide.
Li projected that China's economy will surpass 170 trillion yuan ($23.87 trillion) by 2030. This year, China's GDP is expected to exceed 140 trillion yuan, with an annual growth rate of 4.17% over the next five years. The CIIE, launched in 2018, aims to boost China's free trade credentials and address trade surplus concerns.
The 2025 CIIE promises to be a significant event, with record participation and China's economy showing robust growth. Li's proposals to reform the global economic trading system reflect China's commitment to a more open and transparent international trade environment.
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