With US tariffs on the horizon, China says it is ready for shocks.

Li's remarks coincide with China stepping up its attempts to draw in international companies after inbound investment fell to its lowest level in more than thirty years last year.

As the globe waits for US President Donald Trump to declare additional tariffs on its trading partners next month, Chinese Premier Li Qiang stated that his country is ready for "shocks that exceed expectations."

Li told a group of international business leaders and visiting Republican Senator Steve Daines at the opening of the China Development Forum in Beijing on Sunday that nations should open up markets despite the growing economic fragmentation. "Uncertainty and instability are increasing," Li stated. "At this time, I believe it is even more important for all of our businesses to share their resources and for each of our countries to open up more markets."

The two-day meeting is being attended by top leaders, including Tim Cook of Apple Inc., Cristiano Amon of Qualcomm Inc., Albert Bourla of Pfizer Inc., and Amin Nasser of Saudi Aramco. According to persons familiar with the situation, Bloomberg News previously reported that arrangements were underway for business leaders to meet with Chinese President Xi Jinping on March 28.