China’s efforts to stabilize the broader economic market has been put into the spotlight, amid Covid lockdowns that have hurt consumer sentiment and business activity.
At the State Council executive meeting on June 8, Premier Li Keqiang called for greater efforts to remove barriers, improve supportive measures and ensure the effectiveness of relevant policies. His remarks were made after being presented with a report on economic growth and employment in the country. China’s economy is facing continued downward pressure, making it crucial to balance Covid-19 control measures with support for economic growth. Meanwhile, local governments were urged to refine and implement policies and boost economic growth in the second quarter and ensure the economy’s stability.
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