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China To Quicken Efforts To Promote Economic Recovery - Xinhua

MNI (Singapore)

China will focus on the implementation of pro-growth policies, stabilise employment and prices, and strive to promote better economic performance in Q4 than in Q3, Xinhua News Agency reported citing a State Council executive meeting chaired by Premier Li Keqiang. It is necessary to accelerate construction and funds should be redirected to new projects if construction fails to start on time, the meeting said. The issuance of loans for manufacturers to upgrade equipment should be quickened to expand demand, the meeting said. City-specific policies should support the purchase of first and second homes, the meeting added.

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