China says its economic recovery is still not solid

Published Tue, Feb 28, 2023 · 07:01 PM

China said on Tuesday (Feb 28) the foundation of its economic recovery is not yet solid, and various unexpected factors may occur at any time, state media reported.

The country’s development still faces triple pressures including demand contraction, supply shock and weakened expectations, China’s Communist Party (CPC) central committee said in a communique, according to the official Xinhua News Agency.

The communique was released at the second plenary session of CPC’s central committee, which was held from Feb 26 to Feb 28.

More than 200 members of central committee discussed a draft of reforms to party and state organisations which will be examined at the upcoming 14th National People’s Congress (NPC).

The central committee also approved a proposed list of leadership candidates to be recommended at the first session of the upcoming Congress.

The 14th NPC, an annual meeting of parliament where thousands of delegates from across China will gather in the capital, Beijing, kicks off on Sunday. REUTERS

GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here