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China Has More Policies Planned To Boost Growth: Vice Minister

CHINA PRESS
MNI (Beijing)

China is planning more coordinated policies to boost growth and counter downward economic pressures that have persisted since Q1, Vice Minister of Finance Liao Min said in a blog post by China Finance 40 Forum. China should avoid introducing policies that have significant contractionary effects, but will take more forceful measures to protect businesses and jobs and improve people’s living standards, Liao said. Financial authorities have introduced relevant policies to help logistics companies and workers deal with the pandemic, Liao said. Financial institutions are encouraged to boost services to logistics, storage and E-merchants, and they should also help those employed reduce debt burdens, said Liao.

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