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Home China

Premier Li urges Chinese firms to expand in Latin America

News Desk by News Desk
July 9, 2025
in China
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Premier Li urges Chinese firms to expand in Latin America
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Chinese Premier Li Qiang stated on Tuesday that China’s economy is resilient enough to absorb external shocks and maintain long-term, stable growth.

While meeting with representatives of Chinese companies operating in Brazil, Li noted that the Chinese economy has remained strong and maintained positive momentum since the beginning of the year.

Attendees at the meeting included leaders of local branches from prominent Chinese firms such as Bank of China, Great Wall Motor, State Grid, Goldwind Sci & Tech, COFCO, Gree Electric Appliances, Dahua Technology, and ZTT Group.

Li acknowledged the contributions of Chinese enterprises, saying they have rapidly expanded overseas in recent years and improved their global operations, which has in turn helped boost the domestic economy.

He highlighted that China’s economic growth in the first half of the year reflected strong resilience, robust domestic demand, and growing innovation.

Li assured that the Chinese government will continue to support Chinese companies abroad by improving services, enhancing economic cooperation platforms, and upgrading the overseas service system.

He also pledged stronger policy support in areas such as consulting, finance, credit insurance, and security to help businesses thrive in international markets.

Recognizing the current challenges posed by rising unilateralism, protectionism, and trade barriers, Li emphasized that a new wave of technological and industrial transformation also presents fresh opportunities.

He urged Chinese enterprises to stay proactive, build strong brands, enhance planning, and improve the global appeal of both “Made in China” and “Created in China.”

Li encouraged companies to deeply engage with local markets by offering high-quality products and services tailored to consumer demand. He also suggested using Brazil as a launchpad for broader expansion into Latin America.

He stressed the importance of legal compliance and cultural sensitivity, urging firms to uphold social responsibility and project a trustworthy and professional image abroad.

Chinese business representatives pledged to leverage their strengths, strengthen collaboration, adapt to challenges, and operate legally and responsibly in Brazil and beyond.

They committed to deepening their presence in sectors like finance, energy, agriculture, and technology, while enhancing China’s image and advancing economic cooperation between China, Brazil, and the wider Latin American region for shared benefits.

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