Li Qiang, the former leader of the Shanghai Communist Party, became China’s premier, taking a toll on the country’s 19th regulation.
China always states in a controversial manner due to its authoritative nature. China at present has Xi Jinping as president, but under his regime, China has faced COVID-19, which witnessed the whole nation.
Under circumstances, China faced shortfalls in its economy, although China’s relationship and equation with the United States are again another step behind this economy’s shortfall.
Currently, the United States’ approach toward China on the issue of limiting China’s technological advancement has caused a schism between the two countries, and in such a situation, Xi Jinping appointed an ally, Li Qiang, as China’s new premier.
About Li Qiang
He was appointed second on the parliamentary standing Standing Committee at the Communist Party’s five-year party congress in October, beginning his path to the premiership.
Li Qiang is the first prime minister to have never served in a central government since the founding of the People’s Republic and could face a steep learning curve in his first months in office, analysts say.
Still, Li’s close ties to Xi Jinping show that Li served as Xi’s chief of staff from 2004 to 2007, the latter being party secretary in Zhejiang province.
Li Qiang is the new China’s Vice president
Xi Jinping is the only leader after the party’s founder, Mao Zedong, to serve more than one of his five-year terms in office and is widely expected to remain in power for the rest of his life.
Li Qiang, who worked with Xi during his provincial days before moving to the central government as vice president, was the leader of Shanghai, China’s largest modern business hub.
Covid and China
China’s response to the COVID outbreak, which last year put the city of over 26 million people on lockdown for about a month, drew sharp criticism both at home and abroad for causing serious hardships for residents.
What is Li Qiang Purpose?
Li Qiang is expected to mobilize the private sector and foreign investment in the second-largest economy, easing the impression that the government, which has cracked down on top companies like Alibaba in recent years, is returning to state-owned enterprises. increase.
Outgoing Premier Li Qiang, who proposed his 5% growth target for the economy in this year’s labor report, the lowest growth rate in decades, retired this week.
China has not signaled plans to provide stimulus to boost growth, but major headwinds such as weak exports and continued weakness in the property sector could force Li to act.
It is stated that “the leadership has already accepted two years of very weak economic growth in the name of COVID containment. Now that containment is over, they will not accept another,” he said.
Li is set to make his high-profile debut on the international stage on Monday during a traditional post-parliamentary question-and-answer session with the media.
Complementary Power
After a generation of reform-minded senior officials retired and Xi was elected president on Friday, he continues to consolidate power in his unprecedented third term as president.
Li Qiang will make his high-profile debut on the international stage on Monday during a traditional post-parliamentary question-and-answer session with the media.
He was appointed second on the parliamentary Standing Committee at the Communist Party’s five-year party congress in October, embarking on his path to the prime minister.
After a generation of reform-minded senior officials retired and Xi was elected president on Friday, he continues to consolidate his power in his unprecedented third term as president.
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