Premier Li of China Indicates Flexibility on the Goal of Economic Growth - Bloomberg

According to Bloomberg, Chinese Premier Li Keqiang indicated a focus on jobs, flexibility about the rate of economic growth, and a turn toward more focused Covid control efforts.

July 20, 2022 - 11:42 AM 272 views

Premier Li of China Indicates Flexibility on the Goal of Economic Growth - Bloomberg

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© Premier Li of China Indicates Flexibility on the Goal of Economic Growth - Bloomberg

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According to Bloomberg, Chinese Premier Li Keqiang indicated a focus on jobs, flexibility about the rate of economic growth, and a turn toward more focused Covid control efforts.

Key Quotes

"Maintaining employment and price stability was crucial."

“As long as employment is roughly sufficient, household income increases, and prices remain stable, slightly greater or lower growth rates are acceptable.”

“The macroeconomy can have steady and sound growth if important economic indicators are kept within appropriate bounds.”

"Additional economic stimulus may take the shape of issuing special sovereign debt, increasing the budget deficit, or front-loading 2023 special local government bonds."

“Measures that could prevent China from experiencing a "policy cliff" in the final three months.”

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