"China's Premier Li Qiang Reveals 5.2% Economic Growth and Emphasizes Innovation at World Economic Forum"

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Source: The New York Times
"China's Premier Li Qiang Reveals 5.2% Economic Growth and Emphasizes Innovation at World Economic Forum"
Photo: The New York Times
TL;DR Summary

Chinese Premier Li Qiang announced at the World Economic Forum in Davos that China's economy grew "around 5.2 percent" last year, surpassing its target of about 5 percent. He emphasized that the growth was achieved without resorting to risky or short-term measures, and China will officially release the economic data the following day. Despite concerns about the credibility of China's economic numbers, experts view this early estimate as less concerning than the delayed release of economic growth information in 2022. China has been cautious about increasing economic stimulus and has taken steps to address challenges such as a downturn in real estate and loss of consumer confidence.

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