China to Give Up Special Treatment in Future WTO Talks, Premier Says
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Local time on September 23rd, Li Qiang, Premier of the State Council, attended and delivered a speech at the High-Level Meeting of the Global Development Initiative hosted by China at the United Nations Headquarters in New York. Photo: Xinhua
China will stop seeking preferential treatment reserved for developing countries in future World Trade Organization (WTO) talks, Premier Li Qiang said, a landmark policy shift for the world’s second-largest economy.
Li announced the change on Sept. 23 local time during a high-level meeting on China’s Global Development Initiative (GDI) at the United Nations headquarters in New York, according to the state-run Xinhua News Agency.
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- China will no longer seek special treatment as a developing country in future WTO talks, marking a policy shift.
- Premier Li Qiang announced China’s Global Development Initiative has mobilized over $23 billion and launched 1,800 projects, with 2,000 more planned in five years.
- Li emphasized China’s contributions to lowering global renewable energy costs and pledged ongoing support for green and AI-related international cooperation.
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