News Analysis
In a recent economics symposium, Chinese Premier Li Keqiang emphasized the need to stabilize the economy and revealed that China’s current economic situation is “very challenging.” But on June 29, Chinese Communist Party leader Xi Jinping reiterated the “zero-COVID” policy and called the policy important in affecting economic development and advancement. The clash between Xi and Li is once again in the spotlight.
On July 7, Li convened an economic seminar in Fujian Province with key officials from the provincial governments of Shanghai, Jiangsu, Zhejiang, and Guangdong.
At the meeting, Li said that China’s economy has undergone a very unusual experience since the start of this year, “but looking forward, our economy is recovering, a very big task.” He further adds, “but the foundations for recovery are not stable and a lot of efforts are needed to stabilize the economy.”…