China’s Premier Li Qiang, the second most powerful individual after President Xi Jinping, is in Davos, Switzerland today where he announced China had hit its growth target one day before the official data is released. He also pronounced China open for business.
Li said in a keynote speech to business leaders at the World Economic Forum (WEF) in Davos that the Chinese economy had rebounded and moved upwards, and was estimated to have grown around 5.2% in 2023, above the official target of around 5%…
Li said China, with a rapidly urbanizing population of 1.4 billion people, would play an important role in boosting aggregate global demand. He also said China remained “firmly committed” to opening up its economy and would create “favourable conditions” to share its opportunities.
“Choosing investment in the Chinese market is not a risk, but an opportunity,” Li…
