China Must Live Through ‘Times of Austerity,’ Chinese Premier Says
Regime leaders speak of lean times; analysts see an economy heading south
Chinese Premier Li Keqiang attends the Third "1+6" Roundtable Dialogue at Diaoyutai State Guesthouse in Beijing, China on Nov. 6, 2018. Andrea Verdelli/Getty Images
Chinese Premier Li Keqiang recently said that “times of austerity” are ahead for the country. His warning follows a similar one by the regime’s finance minister, and analysts say that such talk of belt-tightening is a sign that China’s economy is getting worse.
Jennifer Zeng
Author
Jennifer Zeng is a former freelance contributor to The Epoch Times.
