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- Premier Li “helping press China’s authoritarian leader” Xi to improve the economy – WSJ
Premier Li “helping press China’s authoritarian leader” Xi to improve the economy – WSJ
The Wall Street Journal (WSJ) carried a story on Chinese Premier Li Keqiang’s policy framework, which helped the economy avoid a notable slowdown.
Key quotes
“With China mired in its worst economic funk in recent memory, Mr. Li is helping press China’s authoritarian leader to dial back some measures that steered the country away from Western-style capitalism and contributed to China’s economic slowdown, according to government officials and advisers close to decision-making.”
“Under Mr. Li’s influence, those people said, Beijing recently eased a regulatory crackdown on private technology firms, loosened lending to property developers and home buyers, and acted to help some manufacturers resume production when much of China has been forced into lockdowns by Mr. Xi’s zero-Covid approach.”
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