China Premier Li: Foundation of economic recovery is not solid yet

China’s Premier Li Qiang delivered the opening remarks at the National People's Congress (NPC) annual meeting on Tuesday.

Key quotes

Foundation of China's economic recovery is not solid yet.

China's domestic demand is not strong, social expectations are relatively weak.

Some small and medium-sized enterprises facing operating difficulties.

Earlier on, Reuters reported, citing an official work report, China will target around 5% GDP growth for 2024.