President Xi has called for China to play a bigger role in managing global affairs, after Beijing scored a diplomatic coup as the host of talks that produced an agreement by Saudi Arabia and Iran to reopen diplomatic relations.
Xi gave no details of the ruling Communist Party’s plans in a speech to China’s ceremonial legislature. But Beijing has been increasingly assertive since he took power in 2012 and called for changes in the International Monetary Fund and other entities it says fail to reflect the desires of developing countries.
Li’s comments echoed promises by other Chinese leaders over the past six months to support entrepreneurs who generate jobs and wealth. They have vowed to simplify regulations and taxes but have given no indication they plan to rein in state companies that entrepreneurs complain drain away their profits.
The premier expressed confidence China can cope as its workforce shrinkage. The number of potential workers age 15 to 59 has fallen by more than 5% from its 2011 peak, an unusually abrupt decline for a middle-income country. Xi’s government rattled the United States and Australia in early 2022 when it signed an agreement with the Solomon Islands that would allow Chinese navy ships and security forces to be stationed in the South Pacific nation.
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