Even if China avoids economic damage like that of the second quarter, recent lockdowns and power disruptions will make full economic recovery difficult. Photo: Xinhua
Even if China avoids economic damage like that of the second quarter, recent lockdowns and power disruptions will make full economic recovery difficult. Photo: Xinhua

China pledges greater economic support ahead of Party Congress, firms ‘facing more difficulties’ than 2020

  • Li Keqiang says one crucial way to stimulate the market is reform, and Beijing will unveil details of new support policies in coming days
  • Li’s comments follow a similar warning about stalling economic growth in May and come ahead of the 20th party congress in October

Even if China avoids economic damage like that of the second quarter, recent lockdowns and power disruptions will make full economic recovery difficult. Photo: Xinhua
Even if China avoids economic damage like that of the second quarter, recent lockdowns and power disruptions will make full economic recovery difficult. Photo: Xinhua
READ FULL ARTICLE