China’s Premier Li Qiang Calls For ‘Pragmatic And Forceful’ Measures To Boost Economy


China’s Premier Li Qiang Calls for “Pragmatic and Forceful” Measures to Boost Economy

China’s Premier Li Qiang has recently called for “pragmatic and forceful” measures to restore confidence in the country’s economy. In a meeting with the State Council, China’s cabinet, Li emphasized the need for consistent and stable policymaking and execution to address the challenges facing the economy.

The Premier’s call for action comes at a time when China is experiencing a sluggish economic recovery, leading to a downturn in the stock market. Li stressed the importance of resolving practical problems faced by individuals and companies and highlighted the need for tangible achievements to win the trust of the people.

The Chinese government is actively seeking ways to revitalize the economy, which is grappling with challenges such as a property market slump, weak business confidence, and ongoing deflationary pressures. Efforts have been made to curb the stock market decline, including increased state fund purchases, regulatory adjustments, and a surprise replacement of the securities regulator chief.

Despite the challenges, Li remains optimistic about the country’s stability and potential for high returns on investment. His recent call for “forceful” action to boost the economy follows his efforts to attract foreign investors at the World Economic Forum in Davos.

Earlier in February, Chinese equity markets experienced a strong rebound following pledges of government support after a market downturn. Li’s call for action indicates the government’s continued commitment to stabilizing the economy and restoring investor confidence.

Despite the slowdown, experts believe that investing in China still presents significant opportunities. A recent report suggested that China could become the world’s top economy by GDP as soon as 2037, highlighting the country’s potential for growth and development.

In conclusion, Premier Li Qiang’s call for “pragmatic and forceful” measures to boost the economy reflects the government’s determination to address the challenges facing China’s economy and restore confidence in the market. With ongoing efforts to revitalize the economy and attract foreign investment, China remains a key player in the global economic landscape.

Leave a Reply

Your email address will not be published. Required fields are marked *