Categories: World

Xi Jinping Claims Chinese Economic Recovery Still At Critical Stage

President Xi Jinping stated that China’s economic recovery is at a critical stage, as sluggish domestic activity and property sector issues stymie a post-pandemic recovery.

At a meeting of China’s Communist Party Politburo, Xi stated, “At present, the country’s economic recovery is still at a critical stage”.

Xi recommended stimulus measures, stating that the country’s development situation is complex, with increasing adverse factors in the international political and economic environment.

Chinese president went on to say, “It is necessary to focus on accelerating the construction of a modern industrial system, expand domestic demand, (and) prevent and defuse risks”.

Xi also stressed the importance of strengthening self-reliance in key science and technology sectors, as well as accelerating the construction of a new development layout.

The world’s second-largest economy increased by 4.9 percent in the third quarter, slightly less than Beijing’s five percentage-point objective, which is one of the lowest in years.

Even after eliminating stringent containment restrictions by the end of 2022, officials have struggled to sustain a recovery from the COVID-19 pandemic’s consequences.

Also read: Dubai Court Orders Release of Impounded Spicejet Planes

Spriha Rai

Recent Posts

TV Somanathan: The Exemplary IAS Officer Who Sets A Benchmark For Simplicity & Dedication

TV Somanathan, India’s 33rd Cabinet Secretary, is known for his simplicity, intellectual prowess, and administrative…

12 mins ago

Supreme Court To Hear Plea Seeking Regulation Of Obscene Content On Social Media And OTT Platforms

The Supreme Court agreed to examine a PIL that calls for immediate and stringent regulation…

14 mins ago

Congress MLA Vijay Wadettiwar Questions Victims’ Narratives; Stirs Fresh Controversy Over Pahalgam Attack

After Siddaramaiah’s anti-war remarks, another Congress leader stirs controversy over terror attack comments.

1 hour ago

J&K Assembly Condemns Pahalgam Attack; Observes Two-Minute Silence

The Jammu & Kashmir Assembly began its special session by observing a two-minute silence for…

2 hours ago

Sensex, Nifty Open Higher On Strong Buying In PSU Banks & Financials

Indian equity indices opened higher on Monday, driven by buying in PSU banking and financial…

3 hours ago

India Bans 16 Pakistani YouTube Channels; Tightens Measures After Pahalgam Attack

India has blocked 16 Pakistan-based YouTube channels for spreading provocative and misleading content against the…

3 hours ago