Beijing According to the new Prime Minister Li Qiang, the recovery of the Chinese economy is gaining momentum. “Key economic indicators such as consumption and investment are steadily improving, while employment and prices are generally stable,” Li Qiang said at the Asian Economic Forum in Bo’ao, south China, on Thursday.
The economic situation was better in March than in January and February, according to Li Qiang, who took office two weeks ago at the conclusion of the People’s Congress in Beijing.
China’s economy has been hit hard by the government’s strict pandemic measures over the past year. The situation has improved since most restrictions were lifted at the end of December. Nevertheless, the government has issued a comparatively moderate growth target of around five percent for this year.
China continues to stand for stability and is an important pillar for the global economy in uncertain times. It will boost domestic demand, open up the economy and protect the financial sector from risks, Li Qiang said.
In his speech, the Prime Minister did not directly address the conflict in Ukraine, but described China as the “anchor of world peace”. There should be no chaos and conflicts in Asia, otherwise “Asia’s future would be lost,” said Li Qiang at the forum, which is considered the Asian counterpart to the World Economic Forum in Davos, Switzerland.
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