China Premier Li: Downwards pressure on economy increasing, still policy room to cope with challenges

Joel Frank Independent Analyst

Chinese Premier Li Keqiang said on Wednesday that downward pressure on the economy is increasing, but there is still policy room to cope with challenges, reported Reuters citing China state media. China will ensure that economic operations in the first half of the year and the whole year will remain within a reasonable range, he added.

China will take effective measures to boost the confidence of private firms, and will support domestic and overseas listings of platform and digital companies, he added.

His remarks come one day after Chinese Vice Premier Lui He said that China will support the healthy development of the platform economy.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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