Li Qiang becomes China's premier, tasked with reviving economy

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Li Qiang, the former Communist Party chief of Shanghai, took office on Saturday as China's premier, the country's No.2 post, putting the close ally of President Xi Jinping in charge of reviving an economy battered by three years of COVID-19 curbs.

Li Qiang is the first premier since the founding of the People's Republic never to have served previously in the central government, meaning he may face a steep learning curve in the initial months on the job, analysts said.

"My reading of the situation is that Li Qiang will have a lot more leeway and authority within the system," said Trey McArver, co-founder of consultancy Trivium China.

Li was put on track to become premier in October, when he was appointed to the number-two role on the Politburo Standing Committee during the twice-a-decade Communist Party Congress. Li's top task this year will be beating that target without triggering serious inflation or piling on debt, said Christopher Beddor, deputy China research director at Gavekal Dragonomics.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

He can't engage in economics, but his predecessor can engage in economics.

没有卵子的人只会给皇帝舔菊罢了

Is he pleading allegiance to some sect or something ?

Yeah? How's he gonna get all those companies that Left to come back? Think Chinese companies are gonna get any orders vs them going to other countries? Nope. Thousands of companies in China are Closed. Feel what it's like when companies left the US to go there. Learn to Eat Shit.

China is widely being regarded as a criminal enterprise with its power hungry leaders unable to stick to their own laws created by their own party. It has also reneged on its commitment not to interfere in HK for 50years on taking possession of it. It's dangerous to trust China

TNO REFERENCE

this your columnist? Beksbeks2

I don't envy him.

Only bleak and dim economy ahead of him.

Not going to happen.

小丑!

Mission Impossible

Fall Guy!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China's Xi nominates Li Qiang to become premierChinese President Xi Jinping on Saturday nominated Li Qiang to become premier during the ongoing annual meeting of China's rubber-stamp parliament, a role charged with managing the world's second-largest economy. His family will be so proud that he is working for CCP which support fascist Tatmadaw and Taliban.
Source: Reuters - 🏆 2. / 97 Read more »

China names Li Qiang premier nominally in charge of economyChina has named Li Qiang, a confidant of top leader Xi Jinping, as the country’s next premier nominally in charge of the world’s second-largest economy now facing difficult prospects. Li was nominated by Xi and appointed by China’s ceremonial parliament. China is a authoritarian regime led by a self appointed dictator, nothing more China's decline starts here. AP is now China's propaganda machine?
Source: AP - 🏆 728. / 51 Read more »

China names Li Qiang premier nominally in charge of economyChina on Saturday named Li Qiang, a close confidant of top leader Xi Jinping, as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years. So few Americans understand what is happening in other parts of the world - Arch-rivals Iran and Saudi Arabia agree to revive ties, reopen embassies in China-brokered deal—-The left does not know the international situation every day, and is still persecuting Trump
Source: WashTimes - 🏆 235. / 63 Read more »