Economics
China’s Premier Li Emphasizes Economic Stability Amid Global Recession
- Premier says economy to surpass 100 trillion yuan this year
- ‘Dual circulation’ doesn’t mean closing door to world: Li
Li Keqiang in 2019. For the coming five years, Li said China will focus on stabilizing its economy in order to hedge against global uncertainties.
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Chinese Premier Li Keqiang expressed confidence in the economy, highlighting its stability in a world mired in recession and grappling with a resurgence in coronavirus infections.
China’s economy will probably grow this year and surpass 100 trillion yuan ($15.3 trillion) despite “great difficulties” in keeping it running smoothly, Li wrote in an article published Wednesday in People’s Daily newspaper. The economy has shifted from a stage of rapid growth to one of high-quality development, he said.