
Chinese premier says officials must adapt to ‘complex and severe' situation
Chinese Premier Li Qiang has urged the nation's officials to improve their ability to anticipate challenges and accurately implement policies amid a turbulent geopolitical environment.
'At present, the task to comprehensively promote the Chinese path to modernisation with high-quality development is heavy and difficult, with the external situation remaining complex and severe,' he said on Wednesday, as reported by state-run news agency Xinhua.
During this difficult period, officials needed to improve their 'ability to anticipate the situation and accurately implement policies,' he added during a ceremony to swear in 49 newly appointed central government officials.
Li's comments come as China faces rising tensions with the West over a series of trade and technology-related issues. The country remains locked in negotiations with the United States over tariffs and export controls, and is also
preparing for a major trade summit with the European Union in July.
American and Chinese officials concluded their latest round of talks in London on Tuesday, with both sides
agreeing in principle to a framework designed to de-escalate a feud over rare earths and sales of strategic technologies such as jet engines.
But America will still place a total tariff of 55 per cent on Chinese goods and will not change the rate from that level, US Commerce Secretary Howard Lutnick said in an interview with CNBC on Wednesday.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


South China Morning Post
30 minutes ago
- South China Morning Post
Gold 2.0 or just a fallacy? Crypto can't chip away at gold's safe-haven shield: researcher
Cryptocurrencies – including bitcoin and stablecoins – are not an alternative to gold, nor do they pose a threat to its role as a safe-haven investment, an expert with the World Gold Council said. Advertisement John Reade, the senior market strategist and head of research at the association, said that long-term demand for gold remains well supported amid mounting concerns over US dollar assets, persistent trade and geopolitical tensions, and the economic fallout of tariffs. 'Bitcoin and other digital assets have been marketed as an improved version of gold … as 'gold 2.0' or 'digital gold',' Reade told the Post. 'That's a fallacy, in my opinion.' He pointed out that cryptocurrencies tend to move in tandem with equities – unlike gold, which typically acts as a hedge during market volatility – and stressed that these digital assets do not represent 'any risks or comparison' to gold. 'I'm not concerned about digital assets being a threat to gold,' he added on Thursday. 'I wish the proponents of digital assets would stop marketing them as 'gold 2.0', when they very clearly have different characteristics.' Advertisement His comments came as market interest in stablecoins and other digital currencies continues to grow, alongside a fresh rally in gold prices amid heightened Middle East tensions and a weakening US dollar.


South China Morning Post
an hour ago
- South China Morning Post
Meta sues Hong Kong firm over AI app making non-consensual explicit images
Meta Platforms is taking a Hong Kong company to court for allegedly using its social media accounts to promote an app that uses artificial intelligence to generate sexually explicit images of people without their consent. In a statement released on its website on Thursday, the American multinational technology company said it had filed a lawsuit in Hong Kong against Joy Timeline HK Limited to prevent the latter from advertising CrushAI apps on Meta's platforms. The app in question allows people to use AI software to create nude or sexually explicit images of people without their consent, the company said. Meta alleged that the Hong Kong company had repeatedly tried to circumvent the tech giant's ad review processes and continued to show content promoting the app after it was removed for breaking Meta's rules. The techniques allegedly used in attempts to get past the review procedures included disguising the adverts' content or their landing page, according to Meta. The lawsuit is part of Meta's efforts to crack down on 'nudify' apps.


The Standard
an hour ago
- The Standard
Two medical firms start bookbuilding
Two medical companies kicked off share sale for their initial public offerings in Hong Kong today. Photo by REUTERS