Li highlights central role of consumption

Premier calls for multiple measures to be adopted to maintain stable growth

Premier Li Keqiang has underlined efforts to promote the role of consumption as the major driver of economic growth and to expand effective investment in order to boost the confidence of market players, as they play a critical role in stabilizing the economy.

Li made the remark at a recent State Council meeting, during which he was briefed on the work of two task forces sent to 16 provincial-level regions by the State Council to supervise local efforts in the stabilization of economy and policy implementation.

He stressed full implementation of the new development philosophy and efficient efforts to coordinate the country's response to the COVID-19 pandemic with socioeconomic development, saying that both the central and local authorities should be given full play to take the initiative in this work.