Executive Summary
The Story So Far
Why This Matters
Who Thinks What?
Chinese Premier Li Qiang recently called upon American business and academic leaders to leverage their influence in strengthening economic ties between Beijing and Washington. Speaking on the sidelines of the UN General Assembly to representatives from the National Committee on US-China Relations and the US-China Business Council, Li emphasized the critical need for actively fostering bilateral relations, which have been strained by a series of trade disputes and restrictions initiated during President Donald Trump’s administration.
Fostering Bilateral Ties
Premier Li underscored that the steady development of these crucial bilateral ties necessitates concerted efforts from both governments. He highlighted the significant role of organizations like the National Committee on US-China Relations and the US-China Business Council, describing them as vital bonds connecting the two nations.
Context of Strained Relations
The call comes amidst a period of significant friction in US-China relations, which have deteriorated since the start of President Donald Trump’s second term. This period has been characterized by a trade war, the imposition of tariffs, and various restrictions targeting Chinese investments, student visas, and broader trade penalties. These measures have contributed to a complex and challenging economic landscape between the two global powers.
Outlook on Engagement
Li Qiang’s address at the UN General Assembly sidelines underscores Beijing’s continued push for engagement with the US private sector and academia as a pathway to stabilize and improve economic relations, despite ongoing governmental tensions and historical policy challenges.
