China Installs New Premier: Li Qiang

Li Qiang is taking over as China’s premier, the second highest ranking position in China’s political system. In his new role he will monitor all branches of the Chinese government, reports Bloomberg.

Li is a fierce promoter of supporting business through investment into high tech industries. He is also pro regulation on real estate investments, a market that has caused large volatility in the Chinese economy in recent years.

Li is also responsible for the 2 month long lockdown in Shanghai. The lockdown has negatively impacted the world economy.

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