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🇰🇷 South Korea /Elections & Politics

Premier Li Qiang welcomes US companies putting down deeper roots in China ahead of summit

From Hankyoreh · () Korean

Translated from Korean and summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Ongoing story
  • Chinese Premier Li Qiang urged US business leaders to expand their operations in China and described bilateral economic ties as mutually beneficial.
  • He called for stronger dialogue to manage trade disputes, while asking Washington to address Beijing’s concerns through concrete actions.
  • The meeting came ahead of a planned US-China leaders’ summit in late September, as both countries tighten controls on selected trade and technology flows.

Chinese Premier Li Qiang extended a welcome to American companies preparing to deepen their presence in China, while sending Washington a parallel message: dialogue must produce action.

Meeting a delegation from the US-China Business Council in Beijing, Li described the essence of China-US economic and trade relations as “mutual benefit and win-win cooperation.” Strengthening that cooperation, he said, represented both sides’ inherent need and the correct choice.

The essence of China-US economic and trade relations is mutual benefit and win-win cooperation.

— Li QiangThe Chinese premier described the basis of bilateral economic ties while meeting US business representatives.

Li presented China as a market that is both large and new, with rapidly growing demand for higher-quality consumption, including smart and green products. He encouraged US companies to seize opportunities, develop the Chinese market more aggressively and establish deeper roots there.

We welcome US companies actively seizing opportunities, further exploring the Chinese market and putting down deeper roots.

— Li QiangLi invited American companies to expand their operations in China.

But the invitation to American business came alongside demands for the US government. Referring to the two countries’ economic relationship, Li said some contradictions and friction were normal given its scale. He argued that greater communication and negotiation, based on mutual respect and understanding, could find solutions.

Li also promised to address the “reasonable demands” of US companies operating in China and maintain fair competition. At the same time, he urged Washington to move forward with China, resolve its concerns through practical measures and properly implement the results of bilateral economic and trade negotiations. The remarks followed US restrictions affecting Chinese advanced robots and power inverters used in data centers, as well as reported consideration of additional tariffs targeting Chinese overcapacity. China has tightened export controls on drones and related dual-use components and warned it would respond to any further US tariffs.

The two countries should strengthen dialogue and communication and manage their differences.

— Li QiangHe referred to the need for engagement ahead of the leaders’ summit.
About this summary

Originally published by Hankyoreh in Korean. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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