DALIAN, China — Chinese Premier Li Keqiang delivered an address resoundingly touting the benefits of globalization during the first day of the World Economic Forum's "Summer Davos" event in Dalian, China.
During the speech, Li heralded globalization, saying that "it is bringing benefits to all countries," although he acknowledged that countries may also face challenges along the way.
While positioning China as a global leader, the premier also reiterated his country's commitment to addressing climate change — a reaffirmation which comes in the wake of the U.S. announcing its departure from the global Paris Agreement on the issue.
He also addressed the issue of protectionism, which many say China heavily practices, saying that "free trade is the foundation of economic globalization."
For his part, Li stressed that China does, in fact, give fair and equal treatment to both foreign and domestic firms, largely ignoring widespread criticism that the country protects its own through both obvious and subtle measures.