China has policy room to cope with challenges, Premier Li says
CHINA has policy room to cope with challenges, as the downward pressure on China's economy increases, state media quoted Premier Li Keqiang as saying on Wednesday (May 18).
China will ensure its economic operations in the first half and the whole year will be "within reasonable range", Li was quoted as saying.
"At present, prices are stable and there is still policy space to cope with challenges," Li was quoted as saying at a meeting held in China's southwestern Yunnan province.
"Since March, especially April, some economic indicators have weakened significantly, and the downward pressure on the economy has further increased," Li said further.
Economic data for April published this week showed China's consumption and factory output fell at a pace unseen since early 2020 at the start of the pandemic.
The government will act decisively to step up policy adjustments and strive to let the economy return to the normal track quickly, he said.
GET BT IN YOUR INBOX DAILY
Start and end each day with the latest news stories and analyses delivered straight to your inbox.
Li also pledged to take effective measures to boost the confidence of private enterprises, and support domestic and overseas stock listings of platform and digital companies. REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
China says Hamas and Fatah express will for reconciliation
US consumer confidence at lowest level since 2022
Record gold prices boost recycling: WGC
Malaysian fast food operator QSR shelves IPO plans amid boycott campaign: sources
WHO warns of bird flu risk spreading to cows outside US
Sri Lanka’s key inflation rate rises to 1.5% in April