NewRenowned economist gives Premier Li Keqiang top marks for managing China's economy

Li Yining, one of China’s most famous economists, has given top marks to his former student Premier Li Keqiang in a recent online chat.

When asked by a netizen how he would score his student Li Keqiang’s performance on managing the Chinese economy and how the new Chinese administration was performing, Li Yining spelled out the letter “A”.

Economist Li made the comments while accepting an interview with people.com.cn, a website affiliated with the state-owned People’s Daily. Li is also an honorary dean of the Guanghua School of Management at the Business School of Peking University.

“The new administration under Xi Jinping and Li Keqiang have conducted many reform measures in the past year, including those in two important aspects, namely social stability and economic reforms,” said Li.

“Economic reforms are as crucial as health to a man. I have repeatedly mentioned reforms in several meetings of the past year. Now is the best timing for reforms. We would regret in the future if we missed the window,” he added.