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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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