China's "5% Growth Confident"...The size of the stimulus depends on the U.S. presidential election.

[Anchor]
Premier Li Chang, who oversees China's economy, expressed optimism, saying he is confident of achieving a 5% growth target this year.

The amount of fiscal input, which will be the key to stimulating the economy, will be confirmed by watching the results of the U.S. presidential election.

This is Beijing correspondent Kang Jeong-gyu.

[Reporter]
Shanghai International Import Fair (CIIE), one of China's top three import and export exhibitions.

In 2018, when the U.S.-China trade war began in earnest, it was the seventh time since it was held for the first time, criticizing U.S. unilateralism.

In particular, this year was held on the day of the U.S. presidential election.

In his opening speech, he made remarks that seemed to check the re-election of former President Trump, who declared a 60% tariff bomb on Chinese goods.

[Li Chang / Chinese Prime Minister: Unilateralism and protectionism have increased noticeably, and uncertainty and instability facing global peace and development projects are increasing]

He said key economic indicators have recently rebounded, adding that he was also confident of achieving an economic growth target of around 5% this year.

[Chinese Prime Minister Li Chang: Whether it's meeting this year's growth target or China's economic development going forward, we all have enough confidence]

In fact, China's Manufacturing Purchasing Managers' Index (PMI) in October turned to an economic expansion for the first time in half a year.

It is evaluated that various stimulus measures that have been pouring out since September 24 are working.

However, the specific size of the stimulus will be decided by the Standing Committee of the National People's Congress, which is equivalent to the National Assembly, on the 8th.

It was held by delaying the first week of November in violation of convention, and it is interpreted as a schedule conscious of the results of the U.S. presidential election.

The size of the so-called "Chinese version of the supplementary budget" varies from 4 trillion yuan to 12 trillion yuan over three years.

However, there seems to be no disagreement over the prospect of aggressive fiscal input if Trump returns to power.

I'm Kang Jeong-gyu from Beijing.

Edit filming
: high light
Design: Ji Kyung-yoon