News analysis
China's promising plan to break internal trade barriers
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The plan is meant to make China's market more efficient by removing local protectionism and reducing fragmentation.
PHOTO: AFP
SINGAPORE - Chinese Premier Li Keqiang held a videoconference last Wednesday (May 25) with some 100,000 provincial leaders to warn of China's economic difficulties and exhort them to help firms resume production after Covid-19 lockdowns.
That same week the State Council, China's Cabinet, announced a slew of measures to boost the faltering economy, badly hit by lockdowns in several cities, including the commercial hub Shanghai, in response to a sweeping Omicron wave since early this year.