China’s Premier Urges Fiscal, Monetary Policies to Boost Economy

(Bloomberg) — Chinese Premier Li Keqiang urged officials to use fiscal and monetary policies to stabilize employment and the economy as the country reels from Covid outbreaks and rising inflationary pressure.

The world’s second-largest economy came under greater downward pressure in April because of the latest virus outbreak and a bigger-than-expected impact from international situations, China’s state broadcaster CCTV reported, citing a State Council meeting headed by Li.