CHINA-LEADERSHIP: CHINESE PREMIER LI KEQIANG CONVENES MEETING OF ECONOMIC EXPERTS, BUSINESS LEADERS AND GOVERNMENT LEADERS TO DISCUSS THE ECONOMY

Chinese Premier Li Keqiang invited (July 12) economic experts, business leaders, and top government officials to share their thoughts on the economy. Xinhua quoted him as saying “The domestic and external environments remain complicated and complex”,“There are relatively many factors creating uncertainty and instability” and “We must respond well to cyclical risks that could occur.” He identified two worrying factors namely, continued high commodity prices, as the global recovery gathers momentum and a looming drop in export growth as post-pandemic economies spend more on services at home, and less on goods made in China. Li Keqiang said, “We should maintain continuity and stability in macro policy and resolutely resist ‘flood irrigation’ in macro policy.” He also said the government “should support policies to ease the pressure caused by rising commodities prices” and “support the use of funds such as special purpose bonds to promote construction projects and positive quality-of-life projects.”







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