Li Qiang was named the new prime minister of China. The politician is known to be entrepreneurial and has close ties to the business world. The question is whether the liberal Li can revive the Chinese economy. “The repression in China is too great for that,” says former China correspondent Eva Rammeloo.
The economic situation in China has worsened in recent years, Van Rammeloo believes that there is little chance that Li can reverse this trend. “There was such optimism when Xi came to power. After years of economic growth, small businesses were bursting. Ten years later, China looks very different.’
State companies
There is currently a lot of uncertainty among the people, according to Rammeloo, this is partly the result of three turbulent corona years. The economy was already stabilising. But the corona has shaken the economic climate even more.’ The shaky economic position of many Chinese is also due to Xi’s policies. Former Prime Minister Li Keqiang wanted to encourage entrepreneurship, but Xi “wanted to keep all power with state-owned enterprises.”
Xi Jinping wanted to keep all power with state-owned companies
I split
The effects of this policy are slowly becoming visible. “Many young people can’t find a job right now,” says Rammeloo. “There is a huge gap between rich and poor. There are a lot of people who just can’t do it.’
Source: BNR
Sharon Rock is an author and journalist who writes for 24 News Globe. She has a passion for learning about different cultures and understanding the complexities of the world. With a talent for explaining complex global issues in an accessible and engaging way, Sharon has become a respected voice in the field of world news journalism.
