Caixin
Jul 21, 2022 05:33 PM
ECONOMY

China’s Premier Signals Flexible Growth Target, Stimulus Caution

Li Keqiang says keeping employment and prices stable are the key concerns. Photo: Bloomberg
Li Keqiang says keeping employment and prices stable are the key concerns. Photo: Bloomberg

(Bloomberg) — Chinese Premier Li Keqiang signaled flexibility on the growth target and reiterated caution on excessive stimulus, as the economy shows initial signs of recovery from Covid outbreaks.

The most important thing is to keep employment and prices stable, and slightly higher or lower growth rates were acceptable as long as employment is relatively sufficient, household income grows and prices are stable, Li told global business leaders hosted by the World Economic Forum on Tuesday, according to reports in state media.

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