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Local Governments To Boost Investment, Consumption In Q4 - Daily

CHINA PRESS
MNI (Singapore)

Many local governments plan to boost Q4 economic growth by focusing on stabilising investment and promoting consumption, Securities Daily reported. Sichuan, Shandong, Hebei and Jiangsu provinces have kicked off major investment projects after the National Day holiday, the newspaper said. Local governments are expected to expand the issuance of consumer coupons and subsidies in Q4 to help offset the possible slowdown in export growth, the newspaper said citing Wang Qing, chief analyst with Golden Credit Rating. Hainan province said it would make good use of the CNY50 million of funds provided for tourist coupons, while Shanghai city will vigorously promote automobiles and home sales, the newspaper said.

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