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Li Qiang: CN Confident, Capable of Manifesting Full-yr Econ Growth Target of ~5%
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Chinese Premier Li Qiang said in his speech at the Summer Davos Forum this morning (25th) that China's economy has maintained an upward trend year to date, with a good start in the first quarter. He projected the second quarter to stabilize and improve, and that China is confident and capable of achieving the economic growth target of around 5% for the whole year. China's production of electric vehicles, lithium batteries and solar products does not only meet domestic demand, but also enrich supply in overseas markets and relieve global inflationary pressure, said Li. He added that China's economy needs to consolidate its strengths after several years of epidemics. Fiscal policies and financial instruments are needed to solve major economic hiccups, and the combination of long-term and short-term policies will be emphasized more in the macro-control of major policies. AAStocks Financial News |
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