The world's second-biggest economy grew 3.2 percent year on year in the second quarter, recovering from a record contraction as coronavirus lockdown measures ended and policymakers stepped up stimulus to combat the shock from the crisis.
Xi Jinping would not want Li Keqiang, who has experience in tackling the 2009 H1N1 virus outbreak, to garner an image as the hero of the current COVID-19 crisis. This is why Xi’s allies are picking holes in Li’s call to revive the stall economy
Li arrived in Wuhan to inspect the epidemic control and prevention work
Chinese Premier Li Keqiang cited the region's management of territorial disputes as an example and said the trend was toward greater stability.
"It is essential that we uphold the basic principles of multilateralism and free trade," Li said a day after China and the US swapped tit-for-tat tariffs.
Addressing a World Economic Forum event in the port city of Tianjin on Wednesday, Li did not directly mention the trade conflict but he said talk of Beijing deliberately weakening its currency was "groundless."
According to a press release issued from Prime Minister House here, the Chinese premier said his government wishes to work closely with the new Pakistani government and hoped that the China-Pakistan Economic Corridor (CPEC) project will be completed on time.
Li, a second ranking leader in the ruling Communist Party of China, has completed the first five-year tenure along with Xi Jinping who is now regarded as the "core" leader of the party placed along with party founder Mao Zedong.
In the past year, China's economy has maintained a steady and favourable trend, with the overall situation better than expected, Li said at the Mekong-Lancang Cooperation Forum on Wednesday.
At a summit of 16 countries in the Hungarian capital, Premier Li Keqiang said efforts such as China's "new Silk Road" initiative to expand trade across Asia, Africa and Europe, should be a boon to the countries that were formally part of the communist bloc.
"Two neighbours in deep conversation. PM @narendramodi with Chinese Premier Li Keqiang on the margins of #EastAsiaSummit Summit in #Manila," MEA spokesperson Raveesh Kumar tweeted along with a photograph of the two leaders engaging in a conversation while sitting on a sofa.
Chinese Premier Li Keqiang called on Tuesday for advancing free trade agreement talks between China, Japan and South Korea, state news agency Xinhua reported.
In his meeting yesterday with Bill Gates, co-founder of Microsoft and chairman of TerraPower, Li has called for closer China-US cooperation in developing the next-generation nuclear power technology.
Apart from Xi, Premier Li Keqiang was the only one to retain his spot amid sweeping changes on the Politburo Standing Committee, the height of power in the world's second-largest economy.
Merkel, trying to repair damage after shocking Washington on Sunday by declaring the era in which Europe could rely on its partners was somewhat over, repeatedly stressed the importance of trans-Atlantic ties. But she also highlighted Germany's history of cooperating with India and China in a global world.
Beijing is rolling out a massive trade and investment initiative across Central Asia and the Middle East called "One Belt, One Road" and sees the desert kingdom as a regional linchpin.
Last year, the United States' deficit in trade in goods with China reached USD 347 million and Trump has promised to close that gap, which he has also attributed to what he calls China's rigged currency exchange policies.
China's 2017 economic growth target of around 6.5 percent is not low and is not easy to meet, Li said at his annual news conference at the end of the annual meeting of China's parliament.
China will participate in regional free trade pacts, Li said at his annual news conference at the end of the annual meeting of China's parliament.
Consumer inflation, however, cooled more than expected to its slowest pace since January 2015, leaving some analysts puzzled about the strength of the broader economy.
The comments from the China Foreign Exchange Trade System (CFETS), which falls under the central bank, follows speculation that policymakers may be less willing to defend the Chinese currency.
In his lengthy work report submitted to China's parliament, the National People's Congress (NPC) yesterday, Chinese Premier Li Keqiang said "the renminbi exchange rate will be further liberalised, and the currency's stable position in the global monetary system will be maintained".
China will "pursue better results in actual economic work", Premier Li said while addressing the country's rubber-stamp parliament, the National People's Congress (NPC), which has gathered in Beijing for its annual session.
China will vie with India for FDI as the world's second largest economy today rolled out a slew of measures to attract foreign investment under its 'Made in China' initiative.
China recently announced five lakh job cuts and promised to relocate those employees. Every year China produces over seven million graduates who join the job market.