00:00It's Benzinga bringing Wall Street to Main Street
00:02Chinese Premier Li Chong said China will further open its economy to foreign firms
00:06and pursue more balanced trade after a year of tariff tensions with the U.S. and European Union,
00:12according to CNBC. Li told the China Development Forum that China will import more high-quality
00:17goods and promote balanced global trade. The forum followed China reporting a record $1.2
00:23trillion trade surplus for 2025. Beijing faces growing global concerns over its trade practices
00:29over capacity and reliance on Chinese products. Central Bank Governor Pan Gongsheng said China
00:35has the largest goods surplus but also the largest services deficit and does not plan to use currency
00:41depreciation. China is also working to attract foreign investment after recent declines
00:46and expand incentives across multiple sectors. For all things money, visit Benzinga.com.
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