China Premier Li Qiang chairs State Council meeting, vows new incremental policies
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According to state broadcaster CCTV, Chinese Premier Li Qiang chaired a State Council executive meeting. The meeting stated that China will roll out a batch of practical and effective incremental policies. It also pledged to optimize fiscal expenditure arrangements, make good use of local government debt stock limits, and comprehensively utilize and timely adjust monetary policy tools. This signals a proactive stance by Beijing to support the economy through a combination of fiscal and monetary measures, with a focus on local government debt management and targeted stimulus.
Source report
According to China Central Television (CCTV), Premier Li Qiang presided over a State Council executive meeting. The meeting pointed out the need to introduce a batch of practical and effective incremental policies, optimize fiscal expenditure arrangements, make good use of the remaining local government debt limits, and comprehensively utilize and timely adjust monetary policy tools.
Source
金十数据Eastern
Part of this Story
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