In a significant diplomatic engagement, Chinese Premier Li Qiang convened with leaders of ten major international economic institutions in Beijing on Tuesday, advocating for enhanced global economic cooperation and warning against the politicization of trade issues. The “1+10” Dialogue brought together heads of organizations including the World Bank, International Monetary Fund, and World Trade Organization to address mounting challenges in global economic governance.
Premier Li emphasized the urgent need for mutual market openness among nations, cautioning against the weaponization of national security concepts to justify trade restrictions. Against the backdrop of a volatile global economy facing protectionist headwinds, Li asserted that only through collaborative efforts can nations create growth opportunities, stabilize supply chains, and accelerate technological advancement.
The Chinese leader presented a confident assessment of China’s economic trajectory, revealing that the country’s GDP grew by 5.2% year-on-year during the first three quarters of 2025 despite external pressures. New tax data showing revenues exceeding 29 trillion yuan ($4.1 trillion) for the January-November period further indicated steady growth momentum, characterized by rising consumption, resilient exports, and advances in technological innovation.
Li positioned China as a steadfast advocate for multilateralism, referencing President Xi Jinping’s Global Governance Initiative proposed in September as offering “Chinese wisdom and solutions” to international challenges. The Premier committed to China continuing to open its markets wider to foreign companies and actively fulfilling international obligations commensurate with its capabilities.
International organization representatives acknowledged China’s substantial contribution to global economic growth and expressed particular interest in the country’s upcoming 15th Five-Year Plan (2026-2030), which they believe aligns closely with international economic development objectives. Participants commended China’s support for Global South nations and its role in promoting a shared future for humanity.
The dialogue concluded with commitments to strengthen cooperation across multiple domains including trade and investment, green development, artificial intelligence, and financial stability, signaling a collective determination to uphold multilateral frameworks amid growing geopolitical tensions.