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China’s Li Urges Fiscal, Monetary Policies to Boost Economy

  • Cabinet says economy came under greater pressure in April
  • Premier calls for measures to stabilize employment market
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WATCH: Chinese Premier Li Keqiang is calling for more policy support for the battered economy. Stephen Engle reports.Source: Bloomberg
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Chinese Premier Li Keqiang urged officials to use fiscal and monetary policies to stabilize employment and the economy as the country reels from virus outbreaks and rising inflationary pressure.

The world’s second-largest economy came under greater pressure in April due to the latest flareups and bigger-than-expected impact from developments abroad, state broadcaster China Central Television reported, citing a State Council meeting headed by Li.