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China’s Li Urges Coastal Powerhouses to Roll Out Growth Policies

  • Economy recovering ‘but its foundation is still not solid’: Li
  • Country’s GDP may have contracted in 2Q amid Covid lockdowns
Li Keqiang
Li KeqiangPhotographer: Geert Vanden Wijngaert/Bloomberg

Chinese Premier Li Keqiang urged local government officials from five coastal regions to introduce more pro-growth measures while saying the economy’s recovery remains fragile.

The places represented, all economic powerhouses and manufacturing hubs, need to continue shouldering the responsibility of helping the economy grow and ensuring China’s fiscal strength, Li said during a Thursday meeting according to state broadcaster CCTV. The officials at the gathering were from Shanghai city and Fujian, Jiangsu, Zhejiang and Guangdong provinces.