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Premier Li urges exporters to diversify markets

2025-04-16 HKT 06:00
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  • Li Qiang pledged to take steps to stabilise employment, promote income growth, and strengthen social safety nets to help boost consumption. File photo: Reuters
    Li Qiang pledged to take steps to stabilise employment, promote income growth, and strengthen social safety nets to help boost consumption. File photo: Reuters
Premier Li Qiang called on the country's exporters on Tuesday to diversify their markets to cope with external changes, and vowed to support more domestic consumption, in comments on mainland media.

China has been hit with the highest tariffs in US President Donald Trump's moves to impose hefty duties on imports.

Last week, Trump hiked duties on Chinese imports to 145 percent, prompting Beijing to jack up levies on US goods to 125 percent.

"At present, profound changes in the external environment have adversely affected China's foreign trade and exports," a radio broadcast cited Li as saying in Beijing.

"We should calmly respond to the difficulties and challenges brought by external shocks, promote consumption and expand domestic demand with greater efforts," said Li.

Chinese companies should actively explore diversified markets, innovate trade channels and methods, and strive to stabilise foreign trade, Li said.

China will help high-quality foreign trade products expand into the domestic market and steadily promote the integrated development of domestic and foreign trade, he added.

China's exports rose sharply in March after factories rushed out shipments before the latest US tariffs took effect.

Li also pledged to take steps to stabilise employment, promote income growth, and strengthen social safety nets to help boost consumption.

There is still significant room for development in China’s real estate market and efforts should be made to further unlock market potential, Li said. (Reuters)

Premier Li urges exporters to diversify markets