Li Keqiang

China's Premier Li Keqiang dropped in leadership shuffle in party Congress

Chinese Premier Li Keqiang, the nation's No. 2 official and a proponent of economic reforms, is among four of the seven members who will not be reappointed to the nation's all-powerful Politburo Standing Committee. They were not on the list released Saturday of the ruling Communist Party's new 205-member Central Committee, which means they cannot serve on the Standing Committee. China's ruling Communist Party approved an amendment of the party constitution Saturday that could further enhance Xi Jinping's stature as China's leader. The expected move came at the closing session of a weeklong party congress that set the national agenda for the coming five years. The text of the amendment was not immediately released, but before its approval an announcer read out the reasoning behind it, repeatedly mentioning Xi and his accomplishments in strengthening the military and the economy and reinforcing the party's authority. Xi, in brief closing remarks, said the revision sets out clear ...

Chinese economy at 'critical stage of stabilisation': Premier Li Keqiang

China's economy, hit by the stringent zero-COVID policy, is currently passing through a critical stage of stabilisation, Premier Li Keqiang has said as he asked the provinces to tighten their belts and put existing assets to better use to consolidate the recovery. Li's call on Tuesday came as the world's second-largest economy showed signs of stress due to periodic COVID lockdowns in top Chinese cities like Shanghai and Shenzhen as well as China's travel restrictions limiting travel with the rest of the world to control the pandemic within the country. The second-ranking leader of the ruling Communist Party of China (CPC) who is set to retire this year after a 10-year stint, presided over a symposium on the economic situation at Shenzhen, China's top industrial city, in which leading officials of six major economic provinces -- Guangdong, Jiangsu, Zhejiang, Shandong, Henan and Sichuan -- took part via video link. Li stressed efforts to shore up market entities, stabilise employment

China assures help to solve urgent economic crisis: Sri Lankan PM

Rajapaksa on Friday said in a telephone conversation with Chinese Prime Minister Li Keqiang, who assured him that China will support Sri Lanka for economic and social stability

Pak PM asks Chinese premier to refinance loan as economy stays in doldrums

Amidst a weakening economy, Pakistan Prime Minister Imran Khan has requested Chinese Premier Li Keqiang to further refinance an RMB 15 billion loan that was extended to the country three years ago for another three years on existing terms and conditions, local vernacular media reported.Loan refinancing refers to the process of taking out a new loan in order to pay off one or more outstanding loans.The three-year loan was earlier extended on March 25 in 2019 by a consortium of Chinese banks, including, China Development Bank, Bank of China and Industrial & Commercial Bank of China, to finance the trade between the two countries, to fund projects under the China-Pakistan Economic Corridor (CPEC), as well as other earmarked projects, the reports said.The previous loan was provided at an interest rate of six-month Shanghai Interbank Offered Rate (SHIBOR) plus a 2.50 per cent margin for a period of three years with maturity on March 25, 2022.Pakistan has been facing acute liquidity ..

Amidst economic uncertainties, China analysts hopeful of economic growth

Chinese analysts have expressed hope for economic growth in the country even as China faces increased uncertainties.

Premier Li to step down this year as China gets set for leadership change

This is my last year as a Premier, Li, 66, the second ranking leader of the CPC after Xi, said in a matter of fact voice while answering a question on the economy

China premier confident of hitting 2022 growth target as hurdles continue

China rarely misses its economic growth target, but many economists believe the 2022 goal will require additional stimulus to ward off a slowdown.

Chinese Premier Li Keqiang says will retire this year after serving 2 terms

Chinese Premier Li Keqiang on Friday said that he will retire later this year after serving two five-year terms.

Premier Li Keqiang offers China's help for ''grave'' Ukraine situation

China's premier on Friday called the situation in Ukraine grave and offered Beijing's help in playing a positive role for peace while continuing to refuse to criticise Russia.

China lowers GDP target from last year's 6.1% to 5.5% for this year

China on Saturday lowered its GDP target to 5.5 per cent for this year from last year's 6.1 per cent. The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People's Congress (NPC), the country's parliament which opened its annual session here on Saturday. China's economy grew by 8.1 per cent in 2021 to about USD 18 trillion a performance that was stated to be the best in a decade. The pace of the growth was well above the government target of above six per cent in 2021. In his work report presented to the NPC, Li said China plans to create more than 11 million new jobs in 2022. He said China plans to cut the ratio of its deficit to GDP to around 2.8 per cent for the year of 2022. The fundamentals of China's economy remain unchanged, and the nation will maintain long-term growth, he said. Over 2,800 members attended the NPC which will meet here for over a week to transact the annual legislative work.

Signposts from China

In its post-Covid recovery phase, China springs a few surprises but sticks to the familiar on foreign policy with India

Chinese premier says economy could grow this year despite Covid-19

BEIJING (Reuters) - Chinese Premier Li Keqiang said the country's economy could grow this year, state radio reported on Sunday, despite the impact of the COVID-19 pandemic.

Xi, Premier Li disagree over role of street vendors in post-Covid-19 China

Li Keqiang openly addressed employment concerns and praised street vendors for creating jobs

China will pull through current challenges, says Chinese Premier Li Keqiang

We will more proactively leverage the fiscal policy in boosting domestic demand and restructuring, and will implement further cuts in taxes and fees

Li Keqiang re-elected as China's Prime Minister for his second term

Li, who became premier in 2013, heads the State Council, China's Cabinet

China capable of keeping its financial markets stable, says Li Keqiang

Prudent monetary policy to be maintained, yuan currency to be kept stable

Chinese Premier says economy improving, debt risks under control

China will be able to achieve main economic targets this year and maintain medium-to high-speed growth, Premier Li Keqiang said

China distances itself from reports of Li Keqiang's backing to Pakistan

Issue of Kashmir is an issue left over from history,we hope that parties concerned will pursue a peaceful settlement through dialogue, said Lu Kang

China Premier Li Keqiang says China-Pak friendship unbreakable

China is willing to maintain close high-level contacts and continue to strengthen coordination with Pakistan on global and regional affairs, said Li

World should step up economic policy coordination: Chinese Premier

To step up macroeconomic policy coordination