China Premier Li urges local officials to bolster pro-growth measures

Citing China’s Premier Li Keqiang,  the People’s Daily, the flagship newspaper of the Communist Party, reported that Li urged local officials from six key provinces that account for about 40% of the country’s economy to bolster pro-growth measures.

Key quotes

Officials at a meeting should take the lead in helping boost consumption and offer more fiscal support via government bond issuance for investments.

Vow to “reasonably” step up policy support to stabilize employment, prices and ensure economic growth.

Only when the main entities of the market are stable can the economy and employment be stable.

Only by development shall we solve all problems.

Opening up is the only way to make full use of the two markets and resources and improve international competitiveness.

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