China’s Premier Li Keqiang has praised Jack Ma, founder and chairman of Alibaba, the country’s largest e-commerce company, and advocated reforms for a consumption-driven new economy.
In a conference in Beijing last week, the Premier endorsed Alibaba and other online stores for driving massive consumption, according to the official media Xinhua News Agency.
Ten speakers, including six experts in macro economy, finance, property, external economy and four entrepreneurs were invited to attend the conference.
Ma and Li Shufu, chairman of automobile manufacture Geely Group, represented their companies.
“You have created a consumption peak season”, said Premier Li, after Ma introduced...