Li Keqiang: China's economy improving & policies should continue

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A staff working on a wind power equipment at a factory in northwest China's Xinjiang Uygur Autonomous Region, May 30, 2022. /CFP

China's economy is recovering and improving and the thorough implementation of supportive policies must continue, Li Keqiang said on Monday.

Li made these remarks at a group discussion with delegates from northwest China's Gansu Province attending the 20th National Congress of the Communist Party of China (CPC).

He called for effectively upgrading and appropriately expanding the country's economy.

As the Chinese economy is recovering and on an upward trend, a basket of pro-growth policies should be fully implemented to ensure economic performance is maintained within a reasonable range, Li said.

Li Keqiang participates in a group discussion with delegates from northwest China's Gansu Province who are attending the 20th National Congress of the Communist Party of China in Beijing, October 17, 2022. /Xinhua

China has introduced a slew of measures to shore up the economy since late May, ranging from fiscal and monetary policies to trade facilitation.

The country has used policy-based and developmental financial instruments to add credit support for infrastructure projects.

Li said in late June that these instruments are aimed at guiding the financial sector towards greater support for the real economy.

On Monday, he also emphasized the need for efforts to safeguard people's fundamental interests. He said the people's well-being must be protected and improved in the course of pursuing development to see that the results of modernization are shared more fully and fairly by all people.

(With input from Xinhua)