China's new premier tries to reassure private sector amid widespread concerns about future | CNN Business

  • 📰 cnni
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 59%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

China’s new premier has tried to reassure the private sector in his debut press conference, as concerns grew about the country’s future policy direction with the introduction of a new cabinet loyal to leader Xi Jinping.

Li Qiang, a long-time aide to Xi, officially succeeded Li Keqiang as premier over the weekend. He is tasked with reviving the world’s second-largest economy after three years of Covid restrictions and as US-China tensions escalate over a variety of areas, including technology and business.

As a group of Xi’s close associates stepped into office, some Western-educated, reform-minded officials departed – including former Premier Li Keqiang and former Vice Premier Liu He. Analysts are worried that Xi’s preference for personal loyalty over technocratic competence signals a more ideology-driven policy direction that could further dent private sector growth and worsen Beijing’s ties with Washington.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The real concern is the troubled American banks; The Chinese economy is expected to growth 5% this year; far far more then the U.S.

They also reassured us about no militarization of South China Sea, Hong Kong, stealing of tech knowhow, Russia, Covid etc.. We won’t be fooled again.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 326. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Use code 'Bankrun': Camp toy store pleads for help after Silicon Valley Bank collapse | CNN BusinessCamp, a toy company based in New York, has gotten caught up in the collapse of Silicon Valley Bank and is pleading with customers for help keeping it afloat No thanks it is the American way, companies come and go... Ny is a 🤡 show, like fake news CNN Hello Friends DM for communication. 10k followers $10 payment crypto usdt
Source: CNN - 🏆 4. / 95 Read more »

Takeaways from America's second-largest bank failure | CNN BusinessSilicon Valley Bank's 48-hour collapse led to the second-largest failure of a financial institution in US history. The main thing we will always know is that the rich will stay rich and keep getting richer. The middle class will always pay for it in the end. Please give coverage to Imran Khan's rally in Lahore who fighting for real democracy in Pakistan .. Nothing kills FIs like concentration risks. Also, as much as you try to liberalise trade & cash flow, prudential standards are there for a reason & adequate stress tests should be carried out before changing such guidelines albeit in phases too. This doesn't look isolated.
Source: CNN - 🏆 4. / 95 Read more »

Twitter could have a new rival — a platform created by Meta | CNN BusinessFacebook-parent Meta is exploring building a new, standalone platform for sharing text updates, the company confirmed to CNN on Friday, in what could mark the most high-profile new contender to take on Twitter as it falters under Elon Musk.
Source: ALNewsNetwork - 🏆 583. / 51 Read more »

Takeaways from the February jobs report | CNN BusinessThe US economy added 311,000 jobs in February with the leisure and hospitality sector seeing the most gains. More jobs are created in the Biden administration when they’re trying not to than the Trump administration at boom time. Ironic timing…read the room! Conservatives are fcking pissed
Source: CNN - 🏆 4. / 95 Read more »