• China Premier Li: Foundation of economic recovery is not solid yet

Noticias del mercado

5 marzo 2024

China Premier Li: Foundation of economic recovery is not solid yet

China’s Premier Li Qiang delivered the opening remarks at the National People's Congress (NPC) annual meeting on Tuesday.

Key quotes

Foundation of China's economic recovery is not solid yet.

China's domestic demand is not strong, social expectations are relatively weak.

Some small and medium-sized enterprises facing operating difficulties.

Will stabilize and expand private investment.

Earlier on, Reuters reported, citing an official work report, China will target around 5% GDP growth for 2024.

Market reaction

At the press time, AUD/USD is trading 0.05% lower on the day at 0.6506.

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