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Chinese VP says Beijing moving to boost demand

Chinese VP says Beijing moving to boost demand

Vice Premier Li Keqiang says the China will seek to boost domestic consumer demand to drive forward its booming economy, acknowledging that export growth alone was unsustainable for development.
Li, considered a potential premier, said China would look to increase employment and the income level of its poorer citizens, hoping to unleash the huge potential of the Chinese consumer.
He also said China would break monopolies and encourage competition, while integrating more deeply into the global economy.
China recently surpassed Germany as the world's top exporter, but Li noted that economic strategies have been "excessively reliant on investment and export."
Li spoke Thursday at the World Economic Forum.


Updated : 2021-06-24 15:07 GMT+08:00