Four things China’s Premier Li Keqiang just told the World Economic Forum
Premier Li Keqiang also tells the World Economic Forum in Dalian there will be no hard landing for the world’s second-largest economy
China would like foreign businesses to keep their profits in the country and reinvest them, Premier Li Keqiang said in his keynote speech at the World Economic Forum in Dalian on Tuesday, although he added there would be no restrictions on the movement of their money.
“I also promise you, for all foreign business profits generated in China, you can move [the funds] freely in and out of China, and there won’t be any limitations,” said Li.
Li also made the following remarks in the speech:
Economy
China’s economic growth is gaining fresh momentum and there will be no hard landing in the world’s second-biggest economy. The unemployment rate in May dropped to 4.91 per cent, he noted, the lowest level in many years.
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