China Vows to Speed Up Investment to Stabilize Growth
- Measures will remain targeted with excess liquidity avoided
- State Council makes pledge at meeting chaired by Premier Li
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China has vowed to accelerate investment in more than 100 key national projects and boost domestic consumption to help stabilize growth, as pressure on the economy rises amid worsening domestic Covid outbreaks.
“The economy is at a crucial juncture of overcoming difficulties,” according to a statement on the government’s website released after a Monday cabinet meeting chaired by Premier Li Keqiang. “We must make stabilizing growth a higher priority and firmly implement the strategy of expanding domestic demand.”