Li Qiang urges external demand stabilization
Analysis based on 6 articles · First reported Aug 17, 2026 · Last updated Aug 17, 2026
The statement signals potential policy support for exporters and infrastructure, which could provide a modest boost to Chinese equities and the yuan. However, the lack of concrete measures and persistent weak domestic demand may limit market optimism, keeping sentiment cautious.
On August 17, 2026, Chinese Premier Li Qiang chaired a State Council meeting in Beijing, calling for efforts to stabilize external demand and expand international trade cooperation. He acknowledged that insufficient domestic demand remains prominent, with industries and enterprises facing increasing difficulties and rising external uncertainties. The meeting came as economic data showed subdued momentum in July, with industrial output and retail sales slowing, and second-quarter GDP growth at 4.3%, below the government's 4.5%-5.0% annual target. Li emphasized the need to achieve annual economic development goals, reiterating pledges to use existing policies and introduce new effective ones, while highlighting expanding domestic demand as a strategic focus. He also called for promoting employment and income growth, supporting investment in emerging sectors, and innovating financing mechanisms to attract private investment in infrastructure. The remarks underscore China's reliance on exports amid a prolonged property crisis and external risks such as trade frictions and the Middle East war.
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