China's Premier Urges Provinces to Boost Pro-Growth Measures

China's Premier Li Keqiang asked local officials boost pro-growth measures after latest data showed consumption and output fell below expectation. Enda Curran reports on Bloomberg Television.

[cooldudecs]

They are screwed . It’s Enron on steroids …

[hiuofwreqc]

“U r hereby ordered to get richer!”
LMAO this is some Paris Hilton level shiet

[larryhorowitz]

This is a dangerous time, because Xi would like public support for having a third term. With the Chinese economy failing, the risk is that Xi may resort to military adventurism to drum up the support he desires. The Taiwan issue looms large, and 90% of the planet’s supply of advanced semiconductors is on the table.

[williamp]

What he means is "you guy, just cook the number to look good".

[titusp]

Enda is really just elmer fudd ...merrr...mrrrd.udd...
says li is showing urgency ... Li has been making the same speech for the past 6 months.

[lastChang]

Evergrand reflects the state of the Chinese 🇨🇳 economy: broke.

[alanleung]

In China, almost all tax revenue goes to the federal level (CCP), provincial government makes money by selling land leases.
Now that the bubble is bursting, provincial government simply does not have the money to save themselves.

And CCP can't save them either, after splurging their money on the Belt and Road program. They will have to QE and inflate away this mess, and that's incredibly risky to do right before the national congress date.

[globalchinesearmy]

People who are not stupid know that China always the best country, Rising above own score. No other nation can be matched. You must respect and obey the most glorious nation China or else there will be severe consequences. I am so proud to be a Chinese. We Chinese are the smartest, strongest and greatest race

[richardincm]

Enda speaks of unemployment being 20%, while onscreen the official government-number is 5.4%, that says it all about the reliability of statistics coming out of China. To fix any problem, you start by recognising it exists, not by continuing to cover it up !

[markkaminsky]

No one will ever go into an IKEA again…or any large store, unless absolutely necessary.

[larryhorowitz]

This is very significant, in terms of Li’s verbiage. After Xi promised the BRICS that 5% GDP growth would be achieved using forceful stimulus, Li had contradicted Xi, saying that forceful measures would not be used. Now Li seems to be giving Xi less resistance. This may indicate politics around the upcoming Party Congress in the fall. Li seems to be falling in line to support Xi.