During a tour at a factory in Tongren city, Quizhou Province, Chinese Premier Li Keqiang said that he saw many idle factories along his route, and that the local government could support businesses by utilizing these factories to further expand production and by “recruiting more brothers and sisters of local farm workers.”
According to Tongren government’s official website, the company that Li inspected on July 6 was Beiyitong Technology. The company is a leading intelligent terminal enterprise introduced from Shenzhen.
The Central News Agency believes that Li’s remarks were tantamount to acknowledging that the production lines of many local manufacturing industries are at a halt, and also reflected that China’s economy has yet to undergo a vigorous boost in the wake of the epidemic.
Li has revealed China’s dire economic situation on different occasions.
China’s GDP contracted by 6.8 percent year-on-year in the first quarter of 2020, which is the worst in decades. According to a Bloomberg survey of economists in the market, China’s GDP growth is expected to fall below 2 percent in 2020 as the CCP virus pandemic has caused severe production shutdowns and a collapse in the global demand.

#CCPvirus #Wuhan #Coronavirus

Sign the Petition to Investigate, Condemn, and Reject the Chinese Communist Party👉 https://rejectccp.com

——————
SUBSCRIBE OUR CHANNEL TODAY:
🔔https://bit.ly/EpochSubs

WATCH MORE ON YOUTUBE
🔵[Exclusive investigative report] The first documentary movie on the origin of CCP virus
👉https://bit.ly/OriginOfVirus

🔵[Special Report] Manipulating America: The Chinese Communist Playbook
👉 https://bit.ly/ManipulatingAmerica

🔵New Documentary Exposing ‘the CCP Method’ | Three-step Method
👉https://bit.ly/TheCCPMethod

🔵Special Report Exploring the Pandemic’s Wall Street Connection
👉https://bit.ly/PandemicWallStreet

🔵 Investigative Report: The Coverup of the Century
👉 https://bit.ly/CoverupOfCentury