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People ride an escalator at a shopping mall in Beijing, China July 31, 2025. REUTERS/Florence Lo/File Photo
People ride an escalator at a shopping mall in Beijing, China July 31, 2025. REUTERS/Florence Lo/File Photo
Chinese Premier Li Qiang speaks during the EU-China Business Leaders Symposium, at the 25th European Union - China Summit in the Great Hall of the People, in Beijing, China, 24 July 2025.    ANDRES MARTINEZ CASARES/Pool via REUTERS/File Photo
Chinese Premier Li Qiang speaks during the EU-China Business Leaders Symposium, at the 25th European Union - China Summit in the Great Hall of the People, in Beijing, China, 24 July 2025. ANDRES MARTINEZ CASARES/Pool via REUTERS/File Photo
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China to continue stimulating consumption, premier says

August 18th, 2025 | 12:47 PM MARKETS Asian Markets 1

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By Reuters

China will continue to boost consumption and protect people's livelihoods, expanding the country's positive growth trend, Premier Li Qiang told a State Council plenary meeting on Monday.

Li, whose comments were broadcast by China's state broadcaster China Central Television, said authorities would strive to achieve the full year economic growth target set at roughly 5%.

China would "remain calm and actively respond to various uncertainties", Li said, noting a "severe and complex external environment."

A temporary trade truce reached by China and the United States in mid-May - and extended last week by a further 90 days - has prevented U.S. tariff rates on Chinese goods from returning to prohibitively high levels.

However Chinese manufacturers' profits continue to take a hit from subdued demand and factory gate deflation at home.

Li said China needed to strengthen domestic consumption and continue to stimulate the country's consumption potential by cleaning up restrictive measures and accelerating new growth areas such as services.

Li added that China should adopt "forceful" measures to consolidate the stabilising trend in the country's housing market.

He said it was necessary to make greater efforts to stabilise employment, ensure people's livelihood as well as ensure overall stability for society.

  • Topic
  • CHINA
  • ECONOMY/ (UPDATE 1)
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