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China plots economic recovery path, technological innovation a ‘matter of survival’ for Beijing

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China plots economic recovery path, technological innovation a ‘matter of survival’ for Beijing
  • Vice-Premier Liu He reflected on the key weakness of China’s economic system in a 6,500-word article published on Wednesday in the People’s Daily
  • Xi Jinping’s key adviser also raised the possibility of further economic reforms, technological innovation and institutional high-level opening-up
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Chinese Vice-Premier Liu He is seen as the the economic right-hand man of Chinese President Xi Jinping. Photo: AP
Beijing has pinned its hopes on improving the quality of its economic development and technological innovation to steer the world’s second largest economy through uncharted waters and external turmoil, China’s economic tsar said on Wednesday.
In a 6,500-word article published by the ruling Communist Party’s flagship newspaper, the People’s Daily, Vice-Premier Liu He reflected on the key weakness of the country’s economic system.
 

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