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Friday, February 3, 2023

Davos 2023: Impossible for China to return to planned economy, says vice-premier

World NewsDavos 2023: Impossible for China to return to planned economy, says vice-premier

Chinese Vice Premier Liu He said this. World Economic Forum that China would support the development of the private economy in 2023, and that it was impossible for the country to return to a planned economy.

Read here: China’s provinces spend billions on Xi Jinping’s zero-covid policy: report

Liu, who has been vice premier since 2018 and is considered China’s economic czar, said at the forum that it was impossible for China to take the path of planning. The economy As some have claimed.

Liu did not specify who made the claims, but his rejection of an economic model linked to China’s Maoist past comes at a time when Beijing is trying to signal to the world that the economy, Covid-19 rather than controlling, is at the top of your agenda.

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