China’s Premier Li urges policy fine-tuning as economic woes mount – Bloomberg

China’s Premier Li Keqiang said during a meeting with the State Council on Wednesday, fine-tuning of policies, as economic challenges grow amid resurgent coronavirus cases and power shortages, per Bloomberg.

“Li called for authorities to ensure the supplies of major agricultural goods and improve the capacity of reserves, Bloomberg reports, citing state broadcaster CCTV.

The comments by China’s No. 2 leader come shortly after he said the economy faces new downward pressures and called for cuts in taxes and fees to ease pressure on small and medium-sized companies. 

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