In a bold move at the 80th UN General Assembly, Chinese Premier Li Qiang announced China will no longer seek special treatment in World Trade Organization (WTO) negotiations. The declaration signals a major shift in global trade dynamics, prioritizing solidarity with developing countries. 🚀
Why It Matters Now
With the WTO facing unprecedented challenges—from supply chain disruptions to climate pressures—China’s stance injects fresh momentum into reforming the multilateral system. Premier Li emphasized China’s role as a "responsible major developing country," aligning with the Communist Party of China’s vision for high-standard global cooperation.
Bigger Than Trade
This isn’t just about economics. By stepping back from preferential terms, China aims to:
- 🤝 Strengthen trust in WTO reforms
- 🌱 Promote fairer growth opportunities worldwide
- 💡 Advance its vision of a "shared future for humanity"
Experts say the move could redefine how major economies balance self-interest with collective progress. As trade wars and tariffs dominate headlines, China’s pivot offers a rare glimmer of diplomatic unity.
Reference(s):
cgtn.com