BEIJING – Chinese Premier Li Qiang stepped up his pursuit of foreign investors, pledging to allow overseas companies more access to China’s vast market, while downplaying concerns about the health of the economy.
The measure, which tracks monetary flows linked to foreign-owned entities in China, plunged 82 per cent in 2023, compared with in 2022, and is at its lowest level since 1993. Mr Li said his government had addressed “some worries” but “for others, we are still working on solutions”. These measures would include expanding the social security system and raising pensions “in a fiscally responsible way” to boost residents’ spending power, which the country needs in its next stage of growth, she said.
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