Business & Economy, The government is also allocating money for local governments. These measures are part of a broader effort to support a troubled domestic economy.

China’s economic vision for 2025 meets Trump’s tariffs

China's new premier Li Qiang on Monday sought to reassure the nation's private sector, saying that the environment for entrepreneurial businesses will improve and equal treatment will be given to companies, regardless of ownership type.

China premier Li Qiang says achieving 5% growth target 'no easy task'

Li Qiang, the former Shanghai Communist Party chief on Saturday, took over the nation’s number two post and assumed office as the country's premier. The 63-old-year-old Li faces the daunting task of reviving China’s economy, which has over the past three years been battered by COVID-19 curbs.

Career bureaucrat, Xi Jinping's ally and now China's second most powerful man: Who is Li Qiang?