Editorial 1/17/2024

Premier Li Qiang has surprisingly revealed the economic data for 2023 at the World Economic Forum in Davos. The second-largest economy grew by „around 5.2 percent“ in 2023, Li said in his keynote speech. China had thus exceeded its growth target set in the spring. Above all, it was well above the three percent of 2022. Li used the rest of his speaking time to campaign for more investment and more confidence in China, as Marcel Grzanna reports. He promised foreign companies that the important middle-class target group would continue to grow, as well as several regulatory relaxations.