Premier Li Qiang Chairs Economic Symposium, Outlines Path for Sustained Recovery and High-Quality Development

Premier Li Qiang Convenes Economic Symposium in Beijing

Chinese Premier Li Qiang presided over a significant symposium on the economic situation in Beijing on Tuesday, October 14. The meeting brought together experts and entrepreneurs to gather their opinions and suggestions on the country's economic landscape and future work. Premier Li underscored the importance of sustaining economic recovery and advancing high-quality development for China.

Navigating Economic Challenges and Setting Annual Goals

During the symposium, Premier Li Qiang highlighted the necessity of maintaining confidence and directly confronting existing problems. He stressed the importance of effectively managing China's own affairs and diligently working towards accomplishing the country's annual economic and social development targets. Despite a complex external environment and operational challenges encountered since the beginning of the year, China has consistently striven to maintain its economic recovery and foster high-quality development. The International Monetary Fund (IMF) has projected China's economy to grow by 4.8 percent this year.

Key Directives for Economic Growth and Stability

Premier Li outlined several key areas for action to bolster the economy. He called for continued efforts to:

• Remove bottlenecks through reform.
• Expand domestic demand and strengthen domestic circulation.
• Boost effective investment and stimulate market vitality.
• Address disorderly and irrational competition.
• Accelerate the application of scientific and technological achievements.
• Stabilize foreign trade and foreign investment.
• Enhance the system of comprehensive overseas services.

Fostering Innovation and Preparing for Future Development

Premier Li expressed his hope that entrepreneurs would focus on innovation and make greater contributions to high-quality development. He also encouraged experts and scholars to offer valuable insights and advice to improve China's economic work, particularly in preparation for the upcoming 15th Five-Year Plan (2026-2030) period. The symposium took place approximately one week before the Communist Party's Fourth Plenum, underscoring the strategic timing of these economic discussions.