Party Leaders: Chinese and Poverty Reduction

party leaders: There's nothing ambiguous in Chinese Premier Li Keqiang's warning that the country may encounter larger downward pressure and a more complex situation, so governments at all levels will face more difficult tasks and bigger responsibilities. ; Chinese President Xi Jinping himself identifies three tough battles ahead targeted poverty reduction, effective control of financial risks, and general improvement in the environment, according to The Japan Times. There is an undisguised sense of urgency in his message We need to be prepared with contingency plans. The surest sign is the fact that Chinese Communist Party leaders spare no efforts in cautioning the public about challenges ahead and pliant Chinese media outlets have been quick to spread the word buckle up for turbulence. Jack Ma, Alibaba's founder, weighs in to confirm that the hardship of 2019 is probably just the start of difficulties. China's cumulative debt now tops 300 percent of GDP and International Monetary Fund experts warned as early as January 2018 of the dangerous trajectory of the country's credit growth. Tough battles ahead The financial de-risking battle Xi referred to is necessitated by the toxic degree of indebtedness of the economy. ( As reported in the news.

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