Ekonomické zprávy
14.10.2021

China has tools to cope with economic challenges - premier

Reuters reports that Premier Li Keqiang said that China has ample tools to cope with economic challenges and the government is confident of achieving full-year development goals.

China's major economic indicators are within a reasonable range, Li said, although he acknowledged growth in the third quarter had slowed, due to a combination of factors.

Affected by high commodity prices and elevated shipping costs, mid- and downstream industries and business are facing a continued increase in operating costs, Li said.

He added that the energy crunch also adds to economic headaches, and sporadic COVID-19 outbreaks also deal a blow to the rebound in consumption and services.

The government will make sure that the momentum of inflation won't pick up, and will ensure power supply this winter and next spring, Li said.

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