Economics
China’s Li Gives Dire Growth Warning in Unpublished Remarks
- GDP growth risks sliding out of reasonable range, premier says
- Positive growth must be ensured in 2Q, jobless rate must drop
Stores at a shopping area in Beijing.
Photographer: Yan Cong/BloombergThis article is for subscribers only.
Chinese Premier Li Keqiang warned of dire consequences if officials don’t move decisively to prevent the economy from sliding further, saying a contraction in the second quarter must be avoided.
His comments to thousands of local officials at an emergency meeting Wednesday were more frank than the official readout published by state media.