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China Faces Challenges in Growth, Transition, Premier Li Says

CHINA PRESS

China sees challenges in optimising economic structure and switching growth drivers, including the threat of a prolonged global recession from the pandemic and the backlash against globalisation, which could have an uncertain impact on global industrial and supply chains, Premier Li Keqiang wrote in the People's Daily commenting on the 2021-2025 plan. China must tackle lopsided development, boost innovation, address employment and income and increase environmental protection, Li said. The country must stick to its dual-circulation strategy boosting domestic demand as well as deepening its opening up and global cooperation, Li wrote.

MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com
MNI Singapore Bureau | +65 9 632 1991 | sumathi.vaidyanathan.ext@marketnews.com

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