On November 21, Chinese Premier Li Keqiang convened a meeting with five provincial governors to get their suggestions on economic policy in preparation for the Central Economic Work Conference (CEWC) to be held in December. The CEWC will set economic targets and policy priorities for 2021. Li Keqiang had three questions for participants: How is your region’s economy?; What are your economic priorities going forward?; and What concrete suggestions do you have for macroeconomic policy?

Sharing his thinking with the Governors, Li Keqiang said: “[We] must…preserve policy continuity"; "This year, in response to the unprecedented impact of the epidemic, we introduced a coordinated set of timely policies”; “We did not engage in ‘flood-style stimulus'"; and “The effects have been better than expected."