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Economy

China's economy in battle to keep growing, says premier

Li Keqiang urges officials to help companies resume production after COVID lockdowns

Chinese Premier Li Keqiang said the economy was "to some degree worse than" it had been at the start of the pandemic in early 2020.   © Reuters

BEIJING/HONG KONG/SINGAPORE (Financial Times) -- China's premier has said the world's second-largest economy could struggle to record positive growth in the current quarter, urging officials to help companies resume production after COVID-19 lockdowns.

The comments by Li Keqiang, to tens of thousands of officials on an internal videocast on Wednesday, underscore the difficulties President Xi Jinping's administration will have in reaching its annual growth target of 5.5% while also battling Omicron outbreaks.

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