Premier Li Keqiang says a realistic target for the year’s second quarter is simply to get the economy back on a growth trajectory. Photo: Xinhua
Premier Li Keqiang says a realistic target for the year’s second quarter is simply to get the economy back on a growth trajectory. Photo: Xinhua

China GDP: economic growth likely to ‘fall far short’, premier admits as crisis concerns mount

  • Li Keqiang instructs more than 100,000 officials from across China to use whatever resources they have to stabilise the economy as zero-Covid policy remains in effect
  • But analysts say monetary policy still hasn’t changed much, as Li ‘may have just laid the groundwork for abandoning this year’s GDP growth target’ of around 5.5 per cent

Premier Li Keqiang says a realistic target for the year’s second quarter is simply to get the economy back on a growth trajectory. Photo: Xinhua
Premier Li Keqiang says a realistic target for the year’s second quarter is simply to get the economy back on a growth trajectory. Photo: Xinhua
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