China's Premier Li Qiang: China’s economy grew by about 5.2% in 2023
|In a speech at the World Economic Forum, Premier Li Qiang said on Tuesday that China’s economy grew by about 5.2% in 2023, slightly better than the official target Beijing had set.
Key quotes
“We did not seek short-term growth while accumulating long-term risks, rather we focused on strengthening the internal drivers.”
“Just as a healthy person often has a strong immune system, the Chinese economy can handle ups and downs in its performance. The overall trend of long-term growth will not change.”
“Even if there are twists and turns in China’s economic operation, its overall long-term positive trend will not change.”
“Choosing the Chinese market is not a risk, but an opportunity. So we embrace investments across businesses of all countries with open arms.”
Market reaction
At the time of writing, the AUD/USD pair is trading around 0.6587, up 0.07% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.