During his annual “State of the Union” address yesterday, Li Keqiang, Chinese premier, predicted his job of steering “the giant ship of China’s economy” this year would be “arduous”.
That was probably an understatement.
In his first speech as premier to the National People’s Congress, a two-hour recital of the government’s intentions, Mr Li promised to maintain rapid growth, contain inflation, create 10m new jobs, rein in extreme pollution and tackle growing financial risks while simultaneously transforming the country’s growth model.
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