Promoting Confidence a Priority - Li Qiang

Government policy will prioritise enhancing confidence in the economic recovery, with more targeted measures to expand domestic demand, according to Li Qiang, China’s Premier. Speaking on a recent tour of Shandong province, Li said the government could boost domestic demand through high-quality supply and establishing more consumption hotspots. He emphasised rural areas needed policy support to increase use of electric vehicles, with more purchase subsidies and charging stations. China’s high quality growth was dependent on developing advanced manufacturing clusters and upgrading traditional industries, he said. (Source: Yicai)