China’s Premier Li: Economy is Recovering

The Chinese economy is showing a steady recovery, but a difficult battle is still waiting, as the situation remains critical at home and abroad. China’s Premier Li Keqiang told the state media on Monday, as reported by Reuters.               

Quotes

“We should strengthen our confidence in development, but the situation at home and abroad is still grim, and we should prepare to continue to fight a hard war.”

“Will adopt a proactive fiscal policy, prudent monetary policy.”

“Will strive to achieve full-year development target.”

“Will ramp up credit supply, lower financing costs.”

“China’s economy this year faces unprecedented hit from the coronavirus pandemic and world economic recession.”