China’s economy grew an “estimated” 5.2 per cent last year, beating the official target, the country’s number two leader Premier Li Qiang said in Davos, as he sought to allay concerns over its recovery from the Covid pandemic.
In a speech at the World Economic Forum, Li also urged the world to address what he described as a “trust deficit” among nations and, in a veiled dig at the US, said “multilateralism” did not mean that only a few countries could set the rules.
Li said China’s growth rate last year — a rise from the figure of 3 per cent in 2022 when the country was hit by widespread Covid lockdowns — was achieved without resorting to “massive stimulus” and the economy was making “steady progress”.
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