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Xi Jinping warns China’s economic recovery at ‘critical stage’

  • China's President Xi Jinping stated that the country's economic recovery is still critical and urged measures to boost the economy.
  • Xi emphasized the need to focus on accelerating the construction of a modern industrial system, expanding domestic demand, and preventing and defusing risks.
  • Chinese exports, a key growth driver, had been declining since October 2021, and a surprise drop in imports in November highlighted weak consumer activity at home.
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The Communist Party's Politburo promises “proactive” fiscal policies and “effective” monetary policy to support growth. President Xi Jinping has warned that China's economic recovery is “still at a critical stage”, and in turn the leaders of the Communist Party are committed to supporting growth with “proactive” fiscal policies and an “effective” monetary policy in the new year. The comments follow months of mixed data from the world's second la…

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NDTV broke the news in New Delhi, India on Friday, December 8, 2023.
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