Liquor Chang's Confidence in China's Economic Rebound Due to COVID-19 Prevention Easing Measures

Revealed This Way at the Meeting with the World Bank President

[Image source=Yonhap News]

[Asia Economy Reporter Hyunju Lee] Premier Li Keqiang of the State Council of China claimed that the Chinese economy will rebound following the relaxation of COVID-19 prevention measures.

According to the Chinese Ministry of Foreign Affairs on the 8th, Premier Li made these remarks during a meeting with David Malpass, President of the World Bank, who visited China to attend the '1+6' roundtable dialogue, a consultative body between China and the heads of international financial institutions.

Premier Li referred to the announcement of 10 relaxed prevention measures made the previous day and said, "As these measures are implemented, the growth rate of the Chinese economy will continuously rebound." He added, "China will better coordinate COVID-19 prevention with economic and social development, protect the lives of the people, and maintain the normal order of production and daily life."

Li's remarks on this day are interpreted as indicating that one of the main considerations for the Chinese leadership in deciding to relax prevention measures?widely regarded as a de facto abandonment of the zero-COVID policy?was the recovery of economic growth.

In response, President Malpass said, "The World Bank highly appreciates China's adjustment of its prevention policies and is pleased to see China's continued expansion of external openness," adding, "We hope to deepen cooperation with China," according to the Ministry of Foreign Affairs.