China's Economy Predicted to Surpass 170 Trillion Yuan by 2030

At the opening ceremony of the eighth China International Import Expo (CIIE) in Shanghai on November 5, 2025, Chinese Premier Li Qiang announced that China's economy is projected to surpass 170 trillion yuan (approximately $23.87 trillion) by 2030. He emphasized that this anticipated growth presents significant opportunities for the global market.

Premier Li's announcement underscores China's confidence in sustained economic expansion and its commitment to global economic integration. He criticized the rising use of tariffs worldwide, stating that such measures "seriously undermine international economic and trade rules, and also disrupt the normal operation of enterprises in various countries." Li called for reforms to create a more equitable and transparent global trading system, particularly for developing nations.

The China International Import Expo, inaugurated in 2018, serves as a platform to promote international trade and open China's market to the world. The 2025 edition attracted a record number of participating enterprises, highlighting the vitality of China's vast market. Li noted that over 3,400 exhibitors registered for the event this year, with more than 200 participating for six consecutive years.

In his speech, Premier Li reaffirmed China's commitment to high-quality growth and high-standard opening up. He stated that China will "steadily expand institutional opening up, and advance comprehensive pilot programs to accelerate the services industry's opening up." Li added that a more modernized China will bring more stability and positive energy to the world.

The Premier also addressed the impact of unilateral and protectionist acts on the international economic and trade order. He called for upholding equality and mutual benefit, consolidating the foundation of legitimate common interests, and safeguarding international fairness and justice. Li emphasized the need to advance international governance reform and optimize international economic and trade rules.

China's projected economic growth signifies substantial opportunities for international businesses seeking to enter or expand within the Chinese market. The critique of tariffs and call for reform may influence global trade policies, potentially leading to negotiations aimed at reducing trade barriers and fostering a more open international trade environment. Emphasis on creating a fairer trading system could benefit developing nations by providing them with better access to global markets and more equitable trade terms.

China's economy has experienced rapid growth over the past few decades, transitioning from a primarily agrarian society to a global manufacturing and technological hub. The country's previous five-year plans have consistently set ambitious growth targets, many of which have been met or exceeded. The current projection aligns with this historical trend, reflecting confidence in sustained economic expansion.

Premier Li's statements at the CIIE highlight China's commitment to further opening up its economy and promoting a more equitable global trade system. As the world navigates complex economic challenges, China's projected growth and advocacy for fair trade practices may play a pivotal role in shaping the future of international economic relations.