As China welcomed foreign and local delegates at the World Economic Forum’s “Summer Davos” in Dalian this week, Beijing’s number-two official struck a defiant tone.
First in a speech and then in private with a smaller group of executives, Li Qiang insisted that a recovery in the world’s second-largest economy was on track despite investors’ misgivings.
Even a years-long property market downturn, with falling prices and millions of unfinished apartments, was on the mend, Li told the closed-door event with local and foreign business leaders.
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