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New Premier gives companies hope

China’s new Premier Li Qiang in Beijing on Monday.
At his first press conference as the new Premier, Li Qiang lived up to his reputation as a pragmatist with a strong business focus. He strikes a conciliatory note towards the United States. But he does not want to hear anything about mistakes made during the Covid pandemic.

The first major appearance of China’s new head of government Li Qiang has been promising from a business perspective. Both domestic and foreign companies in China recently fared similarly: On the one hand, they felt an upswing after the end of zero-Covid. They preferred to wait and see what signals the National People’s Congress (NPC) would send before making big investment decisions.

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