China’s Premier Li signals Flexibility on economic growth target – Bloomberg
Chinese Premier Li Keqiang signaled a focus on jobs, flexibility on the economic growth rate and a shift toward making its Covid control measures more targeted, per Bloomberg.
Additional quotes
“Most important thing was to keep employment and prices stable.”
“Slightly higher or lower growth rates were acceptable as long as employment is relatively sufficient, household income grows and prices are stable.”
“Keeping major economic indicators within a proper range also means that the macroeconomy can enjoy sustained and sound growth.”
“Further economic support could come in the form of front-loading 2023 special local government bonds, raising the budget deficit, or issuing special sovereign debt.”
“Measures that could help China avoid a “policy cliff” in the fourth quarter.
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Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
