China Building a ‘Mega-Sized’ Consumer Economy, Premier Says

Premier Li Qiang has projected confidence that China can turn consumption into a driver for the economy, while also portraying his nation as a stabilizing force in a rapidly shifting global trade landscape.

Policymakers were growing the nation “into a mega-sized consumer powerhouse on top of its solid foundation as a manufacturing power,” Li said in a speech at the World Economic Forum’s meeting in Tianjin on Wednesday. “This will bring vast markets to enterprises from all countries.”