China Will Safeguard Multilateral Trading System With Greater Resolve - Premier Li Qiang

KUALA LUMPUR, Oct 27 (Bernama-Xinhua) -- Chinese Premier Li Qiang said on Monday that China is determined to safeguard the multilateral trading system with greater resolve and stands ready to work with all parties to uphold true multilateralism, Xinhua News Agency reported.

Li made the remarks while addressing the fifth Regional Comprehensive Economic Partnership (RCEP) Leaders' Meeting held in Kuala Lumpur, Malaysia, on Monday.

In his remarks, he recalled that Chinese President Xi Jinping once said that "only openness, inclusiveness, and win-win cooperation are the right way forward for humanity."

Since the RCEP agreement came into effect more than three years ago, economic and trade cooperation among its members has continued to deepen against the backdrop of generally weak global economic momentum, and the regional economy has maintained relatively rapid growth, he said.

Throughout this process, he said, the agreement has played an irreplaceable and important role – expanding the space for joint development among members, providing a mechanism for safeguarding economic security, and building a platform for advancing innovation cooperation.

Li pointed out that the current international economic and trade landscape is undergoing complex changes, with unilateralism and protectionism on the rise, posing significant risks to the region.

He called on all parties to collaborate more closely to jointly address challenges and work collectively to advance development.

Li stressed that China will continue to support ASEAN centrality and, together with all parties, safeguard the stability of the regional multilateral trading system.

China is ready to pool wisdom and strength with all sides to achieve more practical outcomes in RCEP cooperation and jointly create a bright future of shared prosperity, Li said.

-- BERNAMA-XINHUA