Beijing is angling to revive confidence in private entrepreneurs and foreign investors via a renewed campaign for a unified national market and better business environment – an essential task to fulfil its ambitious expansion target of around 5 per cent and ensure economic stability in 2024. In his maiden government work report on Tuesday, Premier … Read more
“Global economic growth lacks steam and the regional hotspot issues keep erupting. This has made China’s external environment more complex, severe and uncertain,” he said. But there was no announcement of any splashy quick fixes. The government would press on with a “proactive fiscal policy and prudent monetary policy”, the premier said, suggesting no major … Read more
That could be because he had the approval of the most important person in the room. After giving his speech, Li appeared to receive endorsement from Xi Jinping – the pair made eye contact and a smiling Li exchanged a few words with the president, who was seated beside him. Later, Li had a longer … Read more
The session is part of the key annual meetings of the top legislature and the Chinese People’s Political Consultative Conference, the country’s top advisory body, commonly known as the “two sessions”, or lianghui. Chinese Premier Li Qiang delivers his work report at the opening session of the annual meeting for the National People’s Congress. Photo: … Read more
This story has been made freely available as a public service to our readers. Please consider supporting SCMP’s journalism by subscribing in our spring flash sale. Premier Li Qiang will deliver his first government work report at the meeting, offering a glimpse into the central government’s economic goals and foreign policy as well as its … Read more
It is one of the rare occasions when a top Chinese leader takes questions from local and international media. Those questions are often tightly scripted and chosen in advance, but it offers the outside world a chance to hear directly from a top Chinese leader on policy directions. In particular, it has been seen as … Read more
On Tuesday, Qin resigned as a member of the national legislature, according to an official statement, while Li was also removed from the party’s Central Military Commission (CMC). The pair remained on the Central Committee, however, the Communist Party’s 300-strong decision making body. Nine other generals, including two former rocket force commanders, were “suspected of … Read more
Chinese vice-premier He Lifeng has called for improvements in the performance and profitability of listed firms, a signal that Beijing wants to see more support for China’s ailing stock market and a boost in confidence along with it. He made the remarks during a nationwide teleconference attended by cadres from all regions on Monday, during … Read more
The move immediately raised fears of the sorts of industrial clampdowns the market has seen in other sectors, triggering a global sell-off in China’s tech stocks and wiping out billions of dollars of value. The regulator then sacked Feng Shixin, a long-serving official and publication bureau chief at the NPPA, sources told the South China … Read more
The world’s second-largest economy is widely expected to again aim to achieve GDP growth of around 5 per cent for this year, after having posted 5.2 per cent year-on-year growth in 2023. During a symposium on Wednesday to solicit opinions on the drafting of the annual work report, Li and Executive Vice-Premier Ding Xuexiang heard … Read more
