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China vows to continue supporting economy with policy measures

China has vowed to continue to promote the comprehensive implementation of a package of policies and measures for stabilising the economy with full effect and strive to achieve better results throughout the year. Premier Li Keqiang said China's economy has grown three percent over the past three quarters and is stabilising on an “upward trend”. Li also said Beijing was working hard to keep market operations, employment, and prices stable. Beijing also eased some of its strict pandemic restrictions, offering a measure of respite from the zero-Covid strategy that has curbed economic and industrial activity in the country. Li said China has created more than 10 million new urban jobs in the first 10 months of the year, closer to its target of more than 11 million new urban jobs in the near future.

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