Chinese Premier of the State Council Li Keqiang said on Monday that downwards pressure on China's economy is increasing, reported Reuters citing state media. China will step up implementation of macro policies, he noted, adding that China should be highly vigilant of changes in the domestic and global environment.  

His comments come after Covid-19 infections in Shanghai surged to a fresh record high. The city, one of the largest in the world and China's financial hub, has under strict been in lockdown now for weeks.