Chinese Prime Minister Li Keqiang was announced late on the 7thstatementHe warned of the “complex and tough” employment situation in light of the ongoing widespread lockdown (city blockade) aimed at containing the new coronavirus.
Prime Minister Lee has instructed all government agencies and local governments to prioritize measures to help businesses maintain employment and overcome difficult conditions. “Stabilization of employment is a major problem for people’s lives and is an important support for economic management within the proper range,” he said, urging companies to take corona measures and resume production. The statement quoted Prime Minister Lee’s remarks at a national online conference on employment.
In Beijing (May 5)
Photographer: Kevin Frayer/Getty Images
China announced that there were 4,384 new corona infections on the 7th. Shanghai, which has been in constant lockdown for several weeks, has dropped to 3,975. Beijing has 62 people.
In an interview delivered by the state-run Xinhua News Agency on the 7th, Deputy Governor of the People’s Bank of China (Central Bank), Chen Yu-Ru, stated that he would place greater emphasis on stabilizing economic growth and strengthen real economic support. He said the People’s Bank will help small and medium-sized banks to increase their lending capacity over perpetual bond issuance and help financial institutions reduce their fees.
Original title:China Premier Warns of ‘Grave’ Jobs Situation as Lockdowns Bite、China’s Central Bank Deputy Vows More Real Economy Support（抜粋）