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China's Premier Urges Local Authorities for Strong Economic Start in 2025

share-iconSaturday, January 04 comment-icon4 weeks ago 10 views
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China's Premier Urges Local Authorities for Strong Economic Start in 2025

Credited from: SCMP

  • China’s leadership emphasizes the need for **urgent action** from local officials to ensure a robust start in 2025, amid concerns about sustaining economic growth.
  • During a visit to Shandong province, **Premier Li Qiang** called for quick implementation of policies and **accelerated project advancement** to achieve early results.
  • Li highlighted the necessity to **expand consumption programmes** and improve infrastructure for new energy vehicles, aiming to revitalize domestic demand.
  • Despite achieving last year’s GDP growth target, officials express concerns about maintaining momentum in light of external threats and weak market sentiment.
  • Local governments are launching over **3,000 projects** to stimulate investment, indicating the urgency to bolster household and business confidence.

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China economy Local authorities Economic growth Premier li qiang Consumer confidence
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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