Posted 4/9/2024, 9:40:31 AM
Premier Li Focuses on Innovation, Upgrading to Sustain Growth Amid Headwinds
- Premier Li meets with economists ahead of Q1 economic data release, focuses on sustaining growth amid domestic and external headwinds
- Cites need to boost innovation, industrial upgrading, and address insufficient demand
- Acknowledges complex, severe external environment, says policies are working but implementation needs improving
- Economists/business leaders say positive factors increasing, confidence up, but stiff headwinds remain
- Growth forecasts raised by some banks and orgs, but property slump, local debt, weak exports still challenge recovery