China To Bolster Employment, Consumption-State Council

China will continue to prioritise promoting employment to support a faster economic recovery, and shore up the consumption of green and intelligent home appliances, CCTV News reported citing the State Council executive meeting chaired by Premier Li Keqiang late on Wednesday. Local governments and departments should keep implementing rescue policies to help enterprises including deferring their payments of social securities, as well as support entrepreneurship by providing up to CNY200,000 entrepreneurial guaranteed loans to eligible startups with interest discounted by the government, the meeting said. China will promote the replacement of old appliances and boost the sales in countryside across the country, the meeting said.