Economic slowdown: China urges push to boost sluggish economy

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Premier Li Keqiang called for a 'sense of urgency' to reverse a zero-Covid led slump.

China's premier has called on the country's richest provinces to offer economic support to boost pro-growth measures."A sense of urgency must be strengthened to consolidate the foundation for economic recovery," Premier Li Keqiang said.

The government will take more steps to boost consumption and expand effective investment, Mr Li added.China, the world's second largest economy, has been badly hit by widespread coronavirus lockdowns that have affected both businesses and consumers.

Source: Financial Digest (financialdigest.net)

 

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