“We will consolidate and strengthen the momentum of economic recovery, and work to achieve steady and long-term economic development,” Xi said in the televised message Sunday, beamed to his nation’s 1.4 billion people. China’s much-anticipated post-pandemic economic boom failed to materialize in 2023.
Chinese President Xi Jinping pledged to strengthen economic momentum and job creation, acknowledging some companies and citizens had endured a difficult 2023 in a rare admission of domestic headwinds facing the country.
While China’s most powerful leader since Mao Zedong used his annual new year address to trumpet his nation’s achievements, he also conceded some “enterprises had a tough time” and “people had difficulty finding jobs and meeting basic needs.”
