Li said on Tuesday that he was optimistic the second-biggest economy in the world will meet its 5% annual economic growth objective and that it would likely continue to demonstrate consistent progress throughout the second quarter.
Amid trade tensions with the West, China's Premier Li Qiang said participants at a World Economic Forum gathering in Dalian that the nation's green technology were not only satisfying local need but also enhancing global supply.
Li said on Tuesday that he was optimistic the second-biggest economy in the world will meet its 5% annual economic growth objective and that it would likely continue to demonstrate consistent progress throughout the second quarter.
"China's production of advanced electric vehicles, lithium-ion batteries and photovoltaic products, etcetera, first guarantee our domestic demand, but also enrich global supply," Li said in his opening remarks.
Both the US and the EU have charged China with having an excessive amount of green technology capacity and have made announcements about countering unfair competition from Chinese companies attempting to boost exports in the face of poor domestic demand.
China has refuted claims that its companies profit unfairly from subsidies or that it has an overcapacity issue.
"The rapid rise of China's new industries has its foundation in our own unique comparative advantages," Li said during the event. "In addition, our customers are more accepting of new technology.
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