Prepare for Unexpected Shocks in the Global Marketplace

©iStock/Liubomyr Vorona

"Resist protectionism" and defend globalization.  That's what Premier Li Qiang recently told a gathering of global executives in Beijing.  He went on to say that China is prepared for “possible unexpected shocks."

CEOs including Apple’s Tim Cook, FedEx’s Raj Subramaniam and Pfizer’s Albert Bourla gathered in the Chinese capital over the weekend for a two-day forum that comes as US President Donald Trump has ratcheted up trade pressure on China in a bid to rebalance what he sees as an unfair relationship.

Premier Li Qiang said, “We have prepared for possible unexpected shocks, which, of course, mainly come from external sources. Where necessary, the Chinese government will introduce new policies to ensure the smooth operation of the Chinese economy.”

Trade uncertainties loom.