‘No time to lose’: Top Chinese official sounds alarm over economy

In an emergency meeting on Wednesday, China's leader warned that the Chinese economy faced "grave problems," 

in an unusually strong warning that comes as coronavirus measures have immobilized areas of the world's second-largest economy.

According to state media, Premier Li Keqiang and other top officials talked to more than 100,000 delegates from 

province, local, and county levels of government during a teleconference sponsored by China's cabinet. 

Li urged local governments to assist in stabilizing the economy, 

 which he claimed was on the verge of collapsing in the second quarter.

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