Chinese Premier Downplays Economic Risks as IMF Urges Reform

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(Bloomberg) -- Chinese Premier Li Qiang downplayed concerns about challenges facing the economy and reassured investors that Beijing will step up supportive ...

-- Chinese Premier Li Qiang downplayed concerns about challenges facing the economy and reassured investors that Beijing will step up supportive measures for growth, as the International Monetary Fund called on the government to carry out pro-market reforms.Fed’s Powell Ready to Support Job Market, Even If It Means Lingering Inflation

“With a comprehensive package of pro-market reforms, China could grow considerably faster than a status quo scenario,” she said, estimating the gross domestic product to be added would be worth $3.5 trillion in todays’ terms. He also stressed China’s focus on developing advanced manufacturing and technologies, saying new growth drivers have strengthened, and the share of strategic, emerging industries in the overall economy has increased over the past decade. He reiterated the country didn’t seek short-term growth at the expense of accumulating longer-term risks.

Fox NewsEric Trump continued his family’s crusade against New York Attorney General Letitia James on Sunday, touting his father’s accomplishments—including, incredulously, the claim that the elder Trump was responsible for building New York’s skyline.“I’m a guy that grew up in New York, my father built the skyline of New York,” he told Fox News’s Maria Bartiromo on Sunday Morning Futures. “This is election interference.

When Donald Trump shows up to his trials, his lawyers tend to act out. In his criminal trial, the 2024 presidential candidate will be there every day.Tom Williams/Getty ImagesA federal judge on Friday cleared the way for Reps. Matt Gaetz and Marjorie Taylor Greene to proceed with their lawsuit against two California cities for canceling their rallies—but also shredded their claims that civil rights advocacy groups conspired against them.

 

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