Investment analysts have cut their forecasts for China’s GDP growth to well below the official target after stringent Covid controls restricted business activity in the last few months. Government stimulus has been relatively muted so far.

“We will step up macroeconomic policy adjustment, and adopt more forceful measures to deliver the economic and social development goals for the whole year and minimize the impact of COVID-19,” Xi said Wednesday, according to an English-language state media readout.

He did not share details on what kind of measures would be used to support growth. Rather than “more forceful,” Chinese text of the speech published by state media described forthcoming measures as “more effective,” according to a CNBC translation.

However, Xi’s unusually direct language mark a rare public mention by a senior leader of the full-year economic targets since they were set at an annual meeting in mid-March.Those goals include unemployment in cities of “no more than 5.5%,” an increase in the consumer price index of “around 3%” and GDP growth of “around 5.5%.”

If you want to purchase products from China, Yongxin Industry can provide you with purchasing services and logistics management services, and we are good at market research and supplier search, and can provide customers with the best customer service, please contact us.