MCHI - Xi Jinping's Second-In-Command Projects Confidence At Davos: 'Chinese Economy Can Handle Ups And Downs' | Benzinga
The second day at the World Economic Forum meeting in Davos launched with remarks from Li Qiang, China's premier and second-in-line after Xi Jinping, who said that the Chinese economy is equipped to manage fluctuations in its performance and emphasized that the general trajectory of its long-term growth remains unaltered.
Li is among the highest-ranking world leaders addressing the global audience at the Swiss mountain resort where the event is taking place. The topliner's speech came as the world faces several complexities, including two major military conflicts in Europe and the Middle East, as well as the looming threat of a global recession.
Just hours before Ukraine President Volodymyr Zelenskyy called for more robust sanctions on Russia and EU chief Ursula von der Leyen endorsed the need to rebuild global trust, Li gave a speech underlining China's growth amid investor concerns over the country's economic stagnation.
The speech's centerpiece was an early reveal of China's GDP growth for 2023, which he said came in at "around 5.2%" beating the country's target of 5%, and coming in before ...