Chinese Premier Li Qiang told business representatives that the country is fully prepared for external shocks. Speaking at a symposium for Chinese enterprises in Indonesia, Li said that since the beginning of this year, the economy has continued to recover and improve, especially foreign trade has shown strong resilience.

Representatives from enterprises including China Energy Investment Corporation, Huawei, SAIC Motor, New Hope Group, Tsingshan Holding Group and TCL Technology Group attended the event.

After listening to the contributions of enterprise representatives, Li said that at present, the international economic and trade order is seriously affected. The fragmentation of industrial and supply chains has deepened and trade barriers have increased, which has a significant impact on the economic development of all countries.

In the face of risks and challenges, China has stepped up counter-cyclical macro-economic adjustment and introduced a more proactive fiscal policy and a slightly loose monetary policy, Li said.

China is taking appropriate measures to stabilize employment and the economy, he said, adding that the country is also exploring and preparing new policy tools, including some unconventional measures that will be implemented immediately in response to the evolving circumstances.

"China has the confidence and ability to promote sustained improvement in economic performance," zdůraznil.

CMG