China’s Premier Woos Global Firms With $24 Trillion GDP Vow

Chinese Premier Li Qiang suggested his country’s economy will maintain its current growth pace, touting China as an attractive market for global companies as Beijing seeks to mitigate concerns over its trade imbalances.

Li said gross domestic product is expected to surpass 170 trillion yuan ($23.9 trillion) in five years, implying an average annual growth rate of about 4% through 2030 without adjusting for price changes. That’s in line with the nominal GDP growth reported so far this year.

The increase represents “new significant contributions to global growth,” Li told government and business leaders gathered at the annual China International ...