China on Saturday named Li Qiang, a close confidant of top leader Xi Jinping, as the country’s next premier nominally in charge of the world’s second-largest economy now facing some of its worst prospects in years.
Li was nominated by Xi and appointed to the position at Saturday morning’s session of the National People’s Congress, China’s ceremonial parliament. That came a day after Xi, 69, secured a norms-breaking third five-year term as state leader, setting him up to possibly rule for life.
Prior to the pandemic, Li built up a reputation in Shanghai and Zhejiang before that as friendly to private industry, even as Xi enforced tighter political controls and anti-COVID curbs, as well as more control over e-commerce and other tech companies. At the opening of the annual congress session on Sunday, outgoing Premier Li Keqiang announced plans for a consumer-led revival of the struggling economy, setting this year’s growth target at “around 5%.” Last year’s growth fell to 3%, the second-weakest level since at least the 1970s.
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