Beijing¡¯s No. 2 official played down worries about the disruption wrought by his country¡¯s surging exports on the global economy, instead championing the benefits provided to the world by China¡¯s development.
While China once offered global markets the benefits of low-cost production, now it ¡°provides the world with increasing dividends of innovation through technological progress and industrial upgrading,¡± Premier Li Qiang said on Wednesday.
Instead of seeing it as another case of China unleashing a surge of cheap exports abroad ¡ª a phenomenon that has come to be called China Shock 2.0 ¡ª ¡°it should be China Opportunity 2.0,¡± Li said during a keynote address at the World Economic Forum in the Chinese city of Dalian.
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