“China still has to overcome some difficulties and challenges to further revive the economy,” top leaders, including President Xi Jinping, noted at the meeting, state news agency Xinhua reported. “It was noted at the meeting that China’s economy has achieved a recovery,” the report said. “The fundamental trend of the economic recovery and long-term positive outlook has not changed,” Xinhua quoted them as saying. Last week, Xi warned the country’s economic recovery remained “at a critical stage”, and ordered measures to boost demand and “defuse” risks. Beijing’s finance ministry insisted concerns about China’s economy were “unnecessary”.

Source: Punch December 12, 2023 15:52 UTC