FX.co ★ China Ready for External Risks, Urges Firms to Expand in ASEAN

Premier Li Qiang addressed Chinese enterprises operating in Indonesia on Sunday, affirming Beijing's readiness to withstand external shocks and expressing confidence in the continued recovery of China's economy. During a meeting with key companies such as Huawei, SAIC, and TCL, Li highlighted the robust resilience of foreign trade anticipated for 2025. He acknowledged the mounting global economic challenges, characterized by disrupted supply chains and escalating trade barriers. However, he noted that China is effectively countering these issues through intensified adjustments to macroeconomic policies, including proactive fiscal strategies and a moderately loose monetary policy. Furthermore, Li revealed that China is devising new, potentially unconventional, policy tools aimed at stabilizing employment and fostering growth. He stressed the importance of supporting Chinese businesses operating abroad, assuring them of enhanced policy support and a more conducive operating environment.