Keep faith in China, Li Qiang tells business at ‘Summer Davos’

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Upgrade to get full access to all premium news on Yahoo Finance and get more great articles like this free preview. As China welcomed foreign and local delegates at the World Economic Forum’s “Summer Davos” in Dalian this week, Beijing’s number-two official struck a defiant tone. First in a speech and then in private with a smaller group of executives, Li Qiang insisted that a recovery in the world’s second-largest economy was on track despite investors’ misgivings. Even the country’s real estate market downturn, characterised by falling prices and an overhang of millions of unsold apartments, was on the mend,...