Tag: World Economic Forum

China Premier Li Qiang Says Economy Grew ‘Around 5.2 Percent’

Media Library

China’s second-highest leader said Tuesday that his country’s economy had grown “around 5.2 percent” last year, providing an unusual early glimpse of important economic data a day before its official release. Speaking at the World Economic Forum in Davos, Switzerland, Premier Li Qiang, the second-highest official in China after Xi Jinping, said that China had beat its target last year of economic growth of about 5 percent. He also insisted that China had managed to expand the economy without using risky or short-term measures, like large spending or credit programs.…

Davos Worries About a ‘Polycrisis’

Chin@Strategy

Hand-wringing in Davos Andrew here. I’m attending the World Economic Forum with DealBook’s Lauren Hirsch and a team from The Times to capture the mood and behind-the-scenes action among the world leaders and the C.E.O.s who’ve made their annual pilgrimage to the Swiss Alps. Speaking of which: Davos is normally full of hand-wringing over the state of the world, but it feels especially pronounced this year. (That isn’t necessarily reflected in the crowd of corporate pop-ups on the Promenade, one of the town’s main thoroughfares, nor in the cocktail party…