{"id":25105,"date":"2025-04-16T15:41:09","date_gmt":"2025-04-16T15:41:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/25105\/"},"modified":"2025-04-16T15:41:09","modified_gmt":"2025-04-16T15:41:09","slug":"chinas-premier-cites-profound-changes-in-urging-boost-to-domestic-consumption","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/25105\/","title":{"rendered":"China\u2019s premier cites \u2018profound changes\u2019 in urging boost to domestic consumption"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Premier Li Qiang has urged stronger efforts to boost domestic demand and called on China\u2019s exporters to diversify their markets as the country seeks to shore up its economy and mitigate external risks amid rising trade tensions with the United States.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThe external environment has undergone profound changes, posing challenges for China\u2019s exports,\u201d Li said in Beijing on Tuesday. \u201cWe must respond calmly to external shocks and challenges, step up efforts to boost consumption and expand domestic demand, strengthen the domestic economic cycle, and further unleash the potential of China\u2019s massive market.\u201d<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">He also pledged greater support for the property sector, once a key driver of economic growth.<\/p>\n<p>A tit-for-tat trade war with the US has put China\u2019s trade sector \u2013 a key engine of its economy \u2013 under significant pressure. Following US President Donald Trump\u2019s introduction of <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/3306181\/what-tariff-rate-do-chinas-goods-now-actually-face-us?module=inline&amp;pgtype=article\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"noopener\">\u201creciprocal tariffs\u201d<\/a> this month, Chinese goods now face US tariffs as high as 156 per cent, while Beijing has raised duties on imports from America to as high as 125 per cent.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">To safeguard its economy, China is gradually shifting the focus of economic growth towards the domestic market, aiming to hedge against external shocks.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">The premier vowed to boost employment, incomes and social welfare, while guiding companies to produce more competitive products to support consumption and spur new demand.<\/p>\n","protected":false},"excerpt":{"rendered":"Premier Li Qiang has urged stronger efforts to boost domestic demand and called on China\u2019s exporters to diversify&hellip;\n","protected":false},"author":2,"featured_media":25106,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[51,1395,15398,15397,32,1700,1214,15396,15395,2516,3715,15400,15399,15401,479,1201,16,15,15402,978],"class_list":{"0":"post-25105","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-china","10":"tag-consumption","11":"tag-domestic-demand","12":"tag-donald-trump","13":"tag-economy","14":"tag-exports","15":"tag-li-qiang","16":"tag-premier","17":"tag-property","18":"tag-real-estate","19":"tag-reciprocal-tariffs","20":"tag-redevelopment","21":"tag-social-welfare","22":"tag-tariffs","23":"tag-trade","24":"tag-uk","25":"tag-united-kingdom","26":"tag-urban-village-redevelopment","27":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114348404468030397","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/25105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=25105"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/25105\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/25106"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=25105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=25105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=25105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}