Beijing is on course to achieve its 5 per cent economic growth target for 2023, says Chinese Premier Li Qiang at the World Economic Forum meeting.

TIANJIN: Chinese Premier Li Qiang slammed efforts in the West to “de-risk” the global economy as a “false proposition” on Tuesday (Jun 27), hitting back against US and EU policy aimed at reducing their reliance on China.

The United States and the European Union have in recent months moved to “de-risk” from the world’s second-largest economy.

“In the West, some people are hyping up what is called ‘cutting reliance and de-risking’,” Li told delegates at the opening of a World Economic Forum meeting in northern China.

“These two concepts … are a false proposition, because the development of economic globalisation is such that the world economy has become a common entity in which you and I are both intermingled,” he said in a wide-ranging speech calling for deepening economic globalisation and cooperation.

“The economies of many countries are blended with each other, rely on each other, make accomplishments because of one another, and develop together,” he added.

Source: Channel News Asia