Hot Words

Double engines

双引擎 (shuang yinqing)

The term was introduced by Premier Li Keqiang in his speech on China's economy at the World Economic Forum in Davos, Switzerland, on Jan 21. Li said that China's economy is not heading for a hard landing, as there are two engines for China's economic growth in the future: the government reforms and the market. It is the first time Li has used the expression "double engines", and it was immediately in the media spotlight, being interpreted as one of the core concepts of the latest version of "Likonomics".