Li Keqiang

The remains of former Chinese Premier Li Keqiang are to be cremated on Thursday, with flags around the country to be flown at half-staff to mourn the official who helped guide the world's second-largest economy for a decade. Li died Friday of a heart attack at 68. Mourners gathered at his childhood home in the city of Hefei in an apparently spontaneous outpouring of grief seen by some as a rebuke of state leader and head of the ruling Communist Party Xi Jinping. Li was once seen as a potential top leader, but the trained economist was shunted aside in a leadership shakeup last year and replaced with Xi loyalist Li Qiang. Even before then, Xi had consolidated power and sidelined potential rivals with an anti-corruption campaign and by altering the constitution to allow himself to rule indefinitely. Xi has also thoroughly reshuffled economic and financial leadership positions and set up an entity called the Central Financial Commission in moves that are seen as shifting power from oth

TMS Ep552: Market trends, social media, convenience fee, Li Keqiang index

s more pain in store for the Indian markets? Is it time to regulate social media for kids? Is convenience fee becoming too inconvenient? What is the Li Keqiang index? All answers here

Li Keqiang's term as premier coincided with the first 10 years of Xi Jinping's reign as China's president and top party leader

Former Premier Li Keqiang, China's top economic official for a decade, died Friday of a heart attack. He was 68. Li was China's No. 2 leader from 2013-23 and an advocate for private business but was left with little authority after President Xi Jinping made himself the most powerful Chinese leader in decades and tightened control over the economy and society. CCTV said Li had been resting in Shanghai recently and had a heart attack on Thursday. He died at 12:10 a.m. Friday. Li, an English-speaking economist, was considered a contender to succeed then-Communist Party leader Hu Jintao in 2013 but was passed over in favor of Xi. Reversing the Hu era's consensus-oriented leadership, Xi centralized powers in his own hands, leaving Li and others on the party's ruling seven-member Standing Committee with little influence. As the top economic official, Li promised to improve conditions for entrepreneurs who generate jobs and wealth. But the ruling party under Xi increased the dominance of

Chinese Premier Li Keqiang, the nation's No. 2 official and a proponent of economic reforms, is among four of the seven members who will not be reappointed to the nation's all-powerful Politburo Standing Committee. They were not on the list released Saturday of the ruling Communist Party's new 205-member Central Committee, which means they cannot serve on the Standing Committee. China's ruling Communist Party approved an amendment of the party constitution Saturday that could further enhance Xi Jinping's stature as China's leader. The expected move came at the closing session of a weeklong party congress that set the national agenda for the coming five years. The text of the amendment was not immediately released, but before its approval an announcer read out the reasoning behind it, repeatedly mentioning Xi and his accomplishments in strengthening the military and the economy and reinforcing the party's authority. Xi, in brief closing remarks, said the revision sets out clear ...

China's economy, hit by the stringent zero-COVID policy, is currently passing through a critical stage of stabilisation, Premier Li Keqiang has said as he asked the provinces to tighten their belts and put existing assets to better use to consolidate the recovery. Li's call on Tuesday came as the world's second-largest economy showed signs of stress due to periodic COVID lockdowns in top Chinese cities like Shanghai and Shenzhen as well as China's travel restrictions limiting travel with the rest of the world to control the pandemic within the country. The second-ranking leader of the ruling Communist Party of China (CPC) who is set to retire this year after a 10-year stint, presided over a symposium on the economic situation at Shenzhen, China's top industrial city, in which leading officials of six major economic provinces -- Guangdong, Jiangsu, Zhejiang, Shandong, Henan and Sichuan -- took part via video link. Li stressed efforts to shore up market entities, stabilise employment

Rajapaksa on Friday said in a telephone conversation with Chinese Prime Minister Li Keqiang, who assured him that China will support Sri Lanka for economic and social stability

Amidst a weakening economy, Pakistan Prime Minister Imran Khan has requested Chinese Premier Li Keqiang to further refinance an RMB 15 billion loan that was extended to the country three years ago for another three years on existing terms and conditions, local vernacular media reported.Loan refinancing refers to the process of taking out a new loan in order to pay off one or more outstanding loans.The three-year loan was earlier extended on March 25 in 2019 by a consortium of Chinese banks, including, China Development Bank, Bank of China and Industrial & Commercial Bank of China, to finance the trade between the two countries, to fund projects under the China-Pakistan Economic Corridor (CPEC), as well as other earmarked projects, the reports said.The previous loan was provided at an interest rate of six-month Shanghai Interbank Offered Rate (SHIBOR) plus a 2.50 per cent margin for a period of three years with maturity on March 25, 2022.Pakistan has been facing acute liquidity ..

Chinese analysts have expressed hope for economic growth in the country even as China faces increased uncertainties.

This is my last year as a Premier, Li, 66, the second ranking leader of the CPC after Xi, said in a matter of fact voice while answering a question on the economy

China rarely misses its economic growth target, but many economists believe the 2022 goal will require additional stimulus to ward off a slowdown.

Chinese Premier Li Keqiang on Friday said that he will retire later this year after serving two five-year terms.

China's premier on Friday called the situation in Ukraine grave and offered Beijing's help in playing a positive role for peace while continuing to refuse to criticise Russia.

China on Saturday lowered its GDP target to 5.5 per cent for this year from last year's 6.1 per cent. The new target for the second-largest economy was announced by Premier Li Keqiang in his work report presented to the National People's Congress (NPC), the country's parliament which opened its annual session here on Saturday. China's economy grew by 8.1 per cent in 2021 to about USD 18 trillion a performance that was stated to be the best in a decade. The pace of the growth was well above the government target of above six per cent in 2021. In his work report presented to the NPC, Li said China plans to create more than 11 million new jobs in 2022. He said China plans to cut the ratio of its deficit to GDP to around 2.8 per cent for the year of 2022. The fundamentals of China's economy remain unchanged, and the nation will maintain long-term growth, he said. Over 2,800 members attended the NPC which will meet here for over a week to transact the annual legislative work.

In its post-Covid recovery phase, China springs a few surprises but sticks to the familiar on foreign policy with India

BEIJING (Reuters) - Chinese Premier Li Keqiang said the country's economy could grow this year, state radio reported on Sunday, despite the impact of the COVID-19 pandemic.

Li Keqiang openly addressed employment concerns and praised street vendors for creating jobs

We will more proactively leverage the fiscal policy in boosting domestic demand and restructuring, and will implement further cuts in taxes and fees

Li, who became premier in 2013, heads the State Council, China's Cabinet