Arrijal Rachman, CNBC Indonesia
Thursday, 17/08/2023 21:30 WIB
Photo: Chinese flag (Reuters Documentation)
Jakarta, CNBC Indonesia – Chinese Premier Li Qiang confirmed that the Chinese government will take steps to boost the pace of economic growth again in the remainder of 2023.
His remarks came a day after the announcement of Chinese economic data for July, which economists consider to indicate a large downside risk to China’s economy from this year’s target of 5%.
Reported by CNBC International, Thursday (17/8/2023), Li’s statement appeared at a meeting of The State Council or the highest executive institution in the country last Wednesday.
At the meeting, Li explained efforts to expand domestic demand and increase consumption.
He also alluded to efforts that the Chinese government should make to “organically combine” security with development in the context of promoting business as a whole.
Regarding employment, Li said only that he would use “multiple channels” to improve the labor market.
However, he did not mention about the property market. In fact, market players in that country are worried that the real estate sector’s pressure will still be huge on the economy as a whole because the formerly healthy developer Country Garden is now on the brink of default.
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2023-08-17 14:30:00
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