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Premier expects positive GDP growth in 2020
Updated: May 28, 2020 16:57 Xinhua

BEIJING — Premier Li Keqiang said on May 28 the country is expected to achieve positive economic growth this year if security is ensured in six key areas.

The six areas refer to job security, basic living needs, operations of market entities, food and energy security, stable industrial and supply chains, and the normal functioning of primary-level governments.

Premier Li highlighted efforts to maintain security in the first three areas.

China will take targeted measures instead of massive stimulus to boost economic growth, Premier Li told a press conference after the conclusion of the annual national legislative session.

"Our measures of a fairly large scale are designed to provide vital relief to market entities and revitalize the market with a particular focus on ensuring steady employment and people's livelihoods," Premier Li said.

Premier Li said money invested in the people will be able to generate new wealth, help protect and preserve tax sources, and make public finance more sustainable.

"We will do our utmost to keep China's economic growth stable, and at the same time we must ensure that all measures taken are well calibrated," he said.

The country has policy reserves in fiscal, financial, social security and other fronts, and will promptly introduce new measures without any hesitation if necessary, Premier Li said.

Keeping China's economic fundamentals stable itself will be a contribution to the world and China will remain a positive force driving global economic recovery and growth, he said.

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