Chinese Leaders Highlight Economic Risks as Recovery Takes Hold
- Xi, Li stress importance of innovation and competitiveness
- The underlying economy appears ‘divergent,’ Goldman says
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Chinese President Xi Jinping and other top leaders highlighted several risks the economy still faces as growth rebounds this year, repeating the need for more self-reliance in key areas like technology in the face of growing competition from the US.
Xi and his No. 2, Premier Li Qiang, stressed the importance of innovation and competitiveness in separate meetings in the past few days. A vice commerce minister also said this weekend China will take steps to boost trade with major nations amid a slowdown in the global economy.