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Li Keqiang

China stresses domestic consumption

Fri, 01/29/2010 - 10:49 by shalini.bahadur

Davos, Switzerland -- Chinese Vice Premier Li Keqiang, speaking in Switzerland, stressed the need to boost domestic demand but said little on revaluing his country's currency.

Addressing the Davos World Economic Forum, Li, seen as China's likely next prime minister, said while China had come out of the world financial crisis, the downturn's impact has not fully ended.

China, whose huge exports and trade surpluses are credited with boosting its economy, is poised to edge out Japan as the world's second largest economy behind the United States. The Communist country maintained strong growth even during the financial crisis.

China seeks improved ties with Australia

Sun, 11/01/2009 - 10:49 by shalini.bahadur

Sydney -- China's vice premier told an Australian audience he is eager to "reduce mistrust" between the two nations.

Li Keqiang told business leaders Friday that China wants better ties and hopes for progress on long-stalled free-trade agreement negotiations, The Sydney Morning Herald reported.

He called on both governments to ''oppose various forms of protectionism'' and said he hoped Australia would ''continue to promote a non-discriminatory policy on foreign investment.''

Recent Chinese attempts to acquire interests in Australian companies have generated political controversy. One Australian businessman said he received death threats after speaking in favor of Chinese investment.