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MNI BRIEF: China To Boost Support For Economy Amid Covid - NBS

(MNI) Beijing
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China will strengthen policy support to bolster domestic demand and stabilise employment as growth is pressured by the global slowdown and measures to control renewed Covid outbreaks, said National Bureau of Statistics spokesman Fu Linghui in a briefing on Tuesday.

The economic recovery expanded at a slower pace in October as industrial output and consumption were impacted by new Covid outbreaks and the soft global economy. “The basis for economic recovery has not been solid yet,” Fu said.

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China will strengthen policy support to bolster domestic demand and stabilise employment as growth is pressured by the global slowdown and measures to control renewed Covid outbreaks, said National Bureau of Statistics spokesman Fu Linghui in a briefing on Tuesday.

The economic recovery expanded at a slower pace in October as industrial output and consumption were impacted by new Covid outbreaks and the soft global economy. “The basis for economic recovery has not been solid yet,” Fu said.

Keep reading...Show less