Key facts
- China's Premier Li Qiang stated that the country's technological advancements offer opportunities, not threats, to the world.
- Li asserted that massive government subsidies are not the main reason for China's high-tech industry growth.
- He attributed China's technological success to its large domestic market and significant corporate investments.
- Li highlighted Huawei and robotics company Unitree as examples of Chinese innovation.
- Western officials have expressed concerns about China's state support for industries like AI and EVs, citing unfair competitive advantages.
HONG KONG (AP) — China's Premier Li Qiang on Wednesday asserted that the nation's technological advancements represent an opportunity for the global community, rather than a threat. Speaking at the World Economic Forum's "Summer Davos" in Dalian, Li addressed growing international concerns, often termed "China Shock 2.0," that China's high-tech boom could pose a risk to advanced economies.