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China Building 'Mega-sized' Consumer Economy Premier Says
Posted
June 25, 2025
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3:55Now PlayingFred Neuman, Chief Asia Economist at HSBC, discusses why the Israel-Iran conflict's impact on oil is crucial to China and Asian economies.
Premier Li Qiang has projected confidence that China can turn consumption into a driver for the economy, while also portraying his nation as a stabilizing force in a rapidly shifting global trade landscape.
Policymakers were growing the nation “into a mega-sized consumer powerhouse on top of its solid foundation as a manufacturing power,” Li said in a speech at the World Economic Forum’s meeting in Tianjin on Wednesday. “This will bring vast markets to enterprises from all countries.”
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