Chinese Premier Li Qiang delivered a strong message at the World Economic Forum in Dalian, warning that economic decoupling among nations could have devastating global consequences. He defended China’s industrial policies against accusations of overcapacity and cheap goods dumping, emphasizing the importance of cooperation over competition. These statements come amid rising trade tensions with the US, Canada, and the EU, all of which have imposed or are considering tariffs on Chinese electric vehicles. China has responded with potential tariff reductions on European cars in a bid to ease tensions.