Chinese Premier Li Flags Weak Domestic Demand, Calls for Additional Growth-Stabilization Measures Amid Rising Economic Pressure
5 Articles
5 Articles
Business Brief (Aug. 18): Premier Li Qiang Calls for Incremental Policies to Boost Domestic Demand
Business Brief (Aug. 18): Premier Li Qiang Calls for Incremental Policies to Boost Domestic Demand - July retail sales growth slows to 0.6% amid weak demand; new home prices in tier 2 cities decline
On August 17, China's National Bureau of Statistics released data showing that industrial and retail sales both cooled in July, and fixed asset investment fell by 6.7%. On the same day the data was released, Premier Li Qiang, unusually, stated directly at a State Council meeting that "the problem of insufficient domestic demand remains prominent." The photo shows Chaoyang Park and the city skyline in Beijing on December 29, 2024. (Jade Gao/AFP)
Chinese Premier Stresses Fulfilling Full-Year Development Targets
Chinese Premier Li Qiang presides over a plenary meeting of the State Council on Aug. 17, 2026. Li on Monday called for efforts to fulfill the country's annual economic and social development targets, thereby ensuring a strong start to the 15th Five-Year Plan period (2026-2030). (Photo/Huang Jingwen) Beijing - Chinese Premier Li Qiang on Monday called for efforts to fulfill the country's annual economic and social development targets, thereby en…
Chinese Premier Li Qiang is urging authorities to step up support measures after China's economy showed broad weakness in July, with growth likely to fall further below the government's annual target.
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