Reaching its growth target will not be easy for China, new PM warns

Appointed on Saturday, Li Qiang denounced this Monday “the encirclement» and the «repressionof his country by the United States.

By Le Figaro with AFP

Posted update

China’s new premier, Li Qiangwarned on Monday that it would be difficult for his country to achieve its growth target this year.regarding 5%already one of the weakest in decades. “Achieving a growth target of around 5% will not be easy, I fear, and will take a lot of effort.“, he said during his first press conference since his appointment as prime minister on Saturday.

This rate of GDP growth, which would make many the envy of most major economies, would nonetheless be one of the weakest in 40 years for the Asian giant. Li Qiang, in charge of economic affairs, warned once morest “new challengesfor growth, while relativizing the importance of GDP in the daily life of the population.

This content is not accessible.

Big things”

China saw its gross domestic product grow by 3% in 2022, far from the initial target of 5.5%, at a time when health restrictions and the real estate crisis weighed heavily on activity. For nearly three years, the country has followed a strict health policy known as “zero covid“, which allowed the population to be largely protected from Covid-19 but dealt a severe blow to the economy.

These measures were finally lifted in December. Growth in China is also being penalized by a crisis in real estate, a sector which, together with construction, represents more than a quarter of its GDP, and consumption which is struggling to recover.

” READ ALSO – Re-elected, Xi Jinping defies America

Li Qiang also denounced “the encirclement» and the «repressionof his country by the United States, in a context of heightened tensions with the world’s leading power. “China and the United States can and should cooperate. If we cooperate, we can achieve great thingssaid Li Qiang. A week ago, Chinese President Xi Jinping also spoke in these terms of geopolitical tensions with Washington, during a parliamentary session in Beijing.

China and the United States are waging a fierce battle for the manufacture of semiconductors, these electronic components essential to the operation of smartphones, connected cars but also military equipment. In the name of national security, Washington has increased sanctions once morest Chinese chipmakers in recent months.

«great wall of steel»

The two powers also oppose each other on other issues, such as Taiwan, the treatment of Uyghur Muslims, trade and Hong Kong. Against the backdrop of tensions with Washington, Xi Jinping once more stressed on Monday the need to strengthen national security. “Security is the foundation of development, while stability is a prerequisite for prosperity“Said Xi Jinping, during his first speech since his reappointment Friday at the head of China.

This content is not accessible.

To this end, it is necessary to “fully promote the modernization of national defense and the armed forces, and to make [l’armée] a Great Steel Wall that effectively protects national sovereignty, security and development interests“, insisted Xi Jinping in a speech at the end of the annual session of Parliament.

” READ ALSO – China boosts its military budget

The Chinese president also castigated the “external forceswho interfere in the Taiwanese file. The communist power considers the island as a province of China which it has not yet succeeded in attaching to the rest of the territory since the end of the Chinese civil war (1949).

China sees with dissatisfaction the rapprochement at work in recent years between the Taiwanese authorities and the United States, which has provided the island with military support once morest Beijing for several decades.

New mandate for Xi

Sole candidate Xi Jinping won a new five-year term as Chinese president on Friday following a unanimous vote in parliament, the culmination of a rise that has seen him become the country’s most powerful leader in decades. generations.

Aged 69, he had already obtained in October a five-year extension at the top of the CCP and the military commission of the Party, the two most important positions of power in China.

This content is not accessible.

Leave a Replay