After acknowledging” complex and severe situations” in recent months, Chinese leader Xi Jinping struck a “bullish tone” in a speech on Monday ( Jan 27 ).
As China prepares for its biggest people holiday, which runs from January 28 to February 4, Xi addressed the gathering of senior Communist Party officers.
He is in charge of a nation that is still struggling to recover from the COVID-19 epidemic and is plagued by a crisis in the property sector, lower consumption, and higher youth unemployment.
China’s economy grew 5 per cent in 2024, its slowest rate since 1990, excluding the materially stormy times of the crisis.
Beijing has recently announced violent support measures to resuscitate the country’s struggling economy, including lowering key interest rates, lowering local government debt, and expanding household goods subsidies.
” Over the past year, in the face of complex and intense conditions, we have responded to situations with composure, implemented methods comprehensively, overcome challenges and pushed each other to build ahead”, Xi said.
He claimed that Beijing was “working harder to implement a range of progressive policies to promote financial recovery.”
” We have repeatedly proven that with hard work and battle, no challenges or obstacles may prevent the Chinese people from pursuing a better lifestyle, or… the traditional process of national rejuvenation”, he said.