China's Li urges not to turn trade into a political or security issue

TIANJIN, China — Chinese Premier Li Qiang connected Wednesday called connected different countries to collaborate connected trade, contempt rising tariffs and different barriers.

"Globalization volition not beryllium reversed," helium said done an authoritative English translation, arsenic helium called connected each sides not to crook commercialized into a governmental oregon information issue.

Engaging successful the planetary system is simply a mode of "reshaping the rules and order," Li added, calling connected countries to support to the "right" path.

Li did not remark specifically connected U.S. commercialized tensions oregon the Israel-Iran conflict. He was speaking astatine the opening plenary of the World Economic Forum's yearly league successful China, often dubbed "Summer Davos."

Describing Li's remark connected "reshaping the rules and order" arsenic "very interesting," Adam Tooze, prof of past astatine Columbia University, said: "I deliberation what we're going to spot is simply a pluralization."

What's needed is much astir processes alternatively than focusing connected who is mounting the "order," helium told CNBC.

In the speech, Li referred to however much than 30 countries signed a "Convention connected the Establishment of the International Organization for Mediation" successful Hong Kong past month. He called it a mode of utilizing "the contented of the East successful resolving planetary disputes."

Li besides maintained an upbeat presumption connected the Chinese system during the conference, and said authorities would instrumentality measures to "make China a mega-sized depletion powerhouse" successful summation to being 1 successful manufacturing.

Louise Loo, pb economist for China astatine Oxford Economics, noted that Li was "quite assured successful the integrated maturation momentum wrong China."

"We inactive deliberation that determination are challenges [for China] this year, but I deliberation it's not arsenic far-fetched arsenic we thought before," Loo told CNBC's Emily Tan connected The China Connection show.

"However punitive tariffs are, I deliberation successful the adjacent term, it's rather hard to decouple China from planetary proviso chains, and that means we volition proceed to spot China exports, astatine least, stay rather competitive, and that should enactment economical maturation for the Chinese," she added.

Singapore's Prime Minister Lawrence Wong, Vietnam's Prime Minister Pham Minh Chinh and Ecuadorian President Daniel Noboa Azín were among the apical governmental leaders attending this year, according to a forum property release.

JD.com Founder and Chairman Liu Qiangdong and TCL Founder and Chairman Li Dongsheng were among the listed league attendees.

In the past week, Li has met with the leaders of Singapore, Vietnam, New Zealand, Ecuador and Kyrgyzstan, according to Chinese authorities media.

— CNBC's Victoria Yeo contributed to this report.