China’s parliament names Xi Jinping ally Li Qiang as new premier
China has named Li Qiang, a close confidant of President Xi Jinping, as the country’s next premier, placing him nominally in charge of the world’s second-largest economy, which is now facing some of its worst prospects in years. Li was nominated by Xi and appointed to the position with no dissenting voices at Saturday morning’s session of the National People’s Congress, China’s ceremonial parliament, in Beijing. Li came to know Xi during the then-future president’s term as head of Li’s native Zhejiang, a relatively wealthy southeastern province now known as a technology and manufacturing powerhouse. China’s economy grew by just 3 percent last year and on the opening day of parliament, Beijing set a modest 2023 growth target of about 5 percent, its lowest goal in nearly three decades. Li’s top task this year will be beating that target without triggering serious inflation or piling on debt, Christopher Beddor, deputy China research director at Gavekal Dragonomics, told the Reuters news agency.
Li Keqiang, a former premier of China who was edged aside by Xi Jinping, has died
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