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China's premier warns world financial leaders of 'deglobalisation'

9 December 2024
49861
2024-12-09 16:26

China’s Premier Li Qiang warned that the global economy is facing increasing challenges due to rising "deglobalization."

Speaking at a summit in Beijing with leaders from the IMF, WTO, and World Bank, Li pointed to weak economic growth and growing uncertainty as major disruptors of global economic stability. His remarks highlight concerns over protectionism and changing supply chains, as multilateral institutions work to address these emerging threats.

With tensions escalating between major powers, global leaders must navigate difficult decisions on how to manage these economic challenges. The summit provides a platform for exploring collaborative solutions to mitigate these risks. The focus is on ensuring long-term stability and resilience in the global economy.

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