Li Qiang Becomes China’s Premier and Faces Challenge of Reviving Economy

On March 11th, China’s top legislature elected Li Qiang as the country’s new premier, succeeding Li Keqiang. Li Qiang was picked for the role as he has strong relationships with President Xi Jinping and comes from a background of experience as the Communist Party secretary in Shanghai. As the country’s new premier, Li Qiang will be responsible for reviving China’s slowing economy, a major challenge given the impact of the pandemic and ongoing international trade tensions.

Li Qiang is well-respected within the Communist Party and has been viewed as a potential successor to Xi Jinping. As premier, Li Qiang will oversee the country’s economic policies and will work closely with President Xi to implement reforms and stimulate growth.

The challenges facing Li Qiang are considerable, as China’s economic growth has slowed in recent years. The country’s trade war with the United States has also had a significant impact, with global businesses looking to diversify their supply chains out of China.

Business leaders and analysts have expressed optimism about Li Qiang’s appointment, citing his experience and reputation as a pragmatic problem-solver. However, some have also expressed concern that Li Qiang may be more of a “yes-man” to President Xi than a strong and independent leader.

Despite the challenges and questions surrounding Li Qiang’s appointment, many remain hopeful that his tenure as premier will lead to positive changes and improvements for China’s economy.