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Newly appointed Chinese Premier warns of economic uncertainty

Barbara O’Sullivan

2023-03-13
Archive
Archive – China’s Premier Li Qiang – YAN YAN / XINHUA NEWS / CONTACTOPHOTO

The newly appointed Chinese Premier, Li Qiang, has warned on Monday about the economic uncertainties that may affect the Asian giant during the new mandate, marked by the consequences of three years of pandemic.

Li, who held his first press conference after the closing of the National People’s Congress, pointed out the main objectives of the policy to be carried out by the government.

Stabilizing economic growth is a difficult task, not only for China, but for all countries in the world,» said the Chinese Premier.

In this sense, Li warned that in order to reach the 5 percent growth target it will be necessary to »redouble efforts», as reported by CGTN.

He also assured that China »will only open up more to the world» to »welcome investment from all over the world» because openness has allowed the country to develop. »Regardless of external changes, we will unswervingly pursue our policy of ‘opening up,»’ he stressed.

However, he has maintained that the government’s ‘Zero COVID’ measures, which involved strict measures for the Chinese population for nearly three years, have been »well-conceived» as they have given the country time to develop vaccines and medicines.

»For more than three years, under the leadership of the Communist Party, the Chinese people have been united in the fight against COVID-19 and now we have achieved a major and decisive victory against the disease,» he said, stressing that in less than two months the country achieved a »smooth transition.»

As for Beijing’s relationship with Washington, the head of government stressed the benefit of trade relations between the two nations, assuring that it is a dependent bond and that there are many areas in which they can work together.

»Repression does not benefit either side,» Li said, referring to the geopolitical tensions between the two world powers, the South China Morning Post reported.

On the other hand, regarding relations with Taiwan, he has indicated that Beijing will promote cross-strait economic and cultural cooperation on the principle of one China.

Source: (EUROPA PRESS)

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