Premier Li Qiang Underscores Resilience and Strategy Amid Global Pressures
Chinese Premier Li Qiang chaired a symposium on Wednesday with leading economic experts and entrepreneurs to assess the nation’s economic trajectory and devise strategies to bolster growth amid global uncertainties. The meeting highlighted China’s “strong resilience and immense potential,” according to attendees, despite external pressures impacting supply chains and trade dynamics.
Economic Recovery and External Challenges
Li acknowledged the economy’s “sustained recovery” in the first quarter of 2024, achieved through measured responses to risks such as fluctuating commodity prices and geopolitical tensions. However, he emphasized that external shocks, including trade barriers and inflationary trends, continue to test China’s economic stability.
Roadmap for Growth
The premier outlined plans to “implement more proactive macro policies” and launch new measures to counter uncertainties. Expanding domestic demand was identified as a long-term priority, alongside reforms to stimulate innovation and support businesses. Li urged entrepreneurs to adapt swiftly to market shifts, stating, “Strengthening enterprises is key to sustaining growth.”
Analysts Weigh In
Economic experts at the symposium proposed strategies to enhance industrial competitiveness and stabilize employment. Discussions also touched on leveraging China’s vast consumer market and technological advancements to offset slowing global demand.
