China’s leadership has ‘ample confidence’ economy will rebound

China’s leadership has “amble confidence” that the country’s economy will rebound, a spokesperson for its parliament said Monday ahead of a key political meeting in Beijing.

“The underlying trend of a rebound in the economy and long term growth remains unchanged,” Lou Qinjian told a press conference, adding: “We have ample confidence on that.”

The spokesman also said China will make new laws to deepen economic reforms, including those of financial institutions, in an effort to support private companies.

Meanwhile, a traditional press conference held by the premier at the conclusion of the annual parliamentary meeting will be axed, according to Lou.

“There will not be a press conference given by the premier after the conclusion of the second session of the 14th NPC,

“This arrangement will continue for the remainder of this term of the NPC,” Lou added.