Chinese Premier Li Qiang held his first press conference as China s premier on Monday morning, during which he addressed various key issues concerning the Chinese economy, vowing to further stabilize growth, prices and employment, while making new progress on high-quality development, supporting private businesses and continuing to open up China s market to the world.
The Chinese market will be a safe harbor for global capital as the country pursues a relatively independent macro policy and is in full swing to promote economic growth after emerging from COVID-19, while the US Fed regains hawkishness and signals higher-than-expected interest rate hikes, Chinese economists said.
Global focus turns to China s two sessions for relief amid economic woes pakobserver.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakobserver.net Daily Mail and Mail on Sunday newspapers.
As recession warning signs continue to flash for the global economy, particularly in some advanced economies, Chinese and overseas markets and businesses are turning their eyes to one of China s most important political events scheduled to start later this week, searching for positive signals from the world s second-largest economy.
The State Council, China’s cabinet, on Wednesday unveiled 19 policy measures specifically aimed at various economic challenges such as extreme weather and the troubled housing market, in the latest effort to boost the recovery of the world’s second-largest economy that’s grappling with record-setting heat waves, sporadic COVID-19 outbreaks and falling market sentiment.