BEIJING (AP) — Former Premier Li Keqiang, China’s top economic official for a decade, died Friday of a heart attack. He was 68. Li was China’s No.
BEIJING — Former Premier Li Keqiang, China’s top economic official for a decade, died Friday of a heart attack. He was 68.
As the top economic official, Li promised to improve conditions for entrepreneurs who generate jobs and wealth. But the ruling party under Xi increased the dominance of state industry and tightened control over tech and other industries. Foreign companies said they felt unwelcome after Xi and other leaders called for economic self-reliance, expanded an anti-spying law and raided offices of consulting firms.
Government advisers argued Beijing had to promote growth based on domestic consumption and service industries. That would require opening more state-dominated industries and forcing state banks to lend more to entrepreneurs.In a 2010 speech, Li acknowledged challenges including too much reliance on investment to drive economic growth, weak consumer spending and a wealth gap between prosperous eastern cities and the poor countryside, home to 800 million people.
In his first annual policy address, Li in 2014 was praised for promising to pursue market-oriented reform, cut government waste, clean up air pollution and root out pervasive corruption that was undermining public faith in the ruling party. Borrowing by companies, households and local governments increased, pushing up debt that economists warned already was dangerously high.
Meanwhile, provincial leaders were trying to suppress information about the spread of AIDS by a blood-buying industry in Henan.Days after he took office, a landslide on March 29, 2013, killed at least 66 miners at a gold mine in Tibet and left 17 others missing and presumed dead.
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