Chinese Premier Li Qiang called on global business leaders to resist protectionism and support globalization during the China Development Forum in Beijing. Speaking to executives from major companies like Apple, FedEx, and Pfizer, he warned that breaking supply chains would worsen economic crises. Li assured that China is prepared for external economic shocks and pledged to expand market access for foreign investors.

The forum comes as U.S. President Donald Trump increases trade pressure on China, imposing additional tariffs on imports. China has responded with its own trade restrictions. Li met with U.S. Senator Steve Daines, who described the discussion as a possible step toward a meeting between Trump and Chinese leader Xi Jinping.

Executives emphasized the importance of open trade, with Inter IKEA Group’s CEO advocating for rule-based global commerce. Analysts noted that evolving trade relations require companies to enhance supply chain flexibility and leverage AI-driven solutions.

China positioned itself as a champion of globalization, with Li asserting that the country will uphold fairness in global trade. However, concerns remain as foreign firms grow cautious about China’s regulatory environment amid increasing geopolitical tensions.