Both central and local governments should fully implement policies in Q4 to support the timely recovery of the economy, CCTV News reported citing Premier Li Keqiang speaking at a work meeting to stabilise growth. In response to weak demand, officials must boost investment and consumption by all means, Li was cited as saying. He urged the effective use of policy bank-backed financial instruments to accelerate infrastructure construction, and the use of special re-lending tools and fiscal discounts to upgrade equipment in manufacturing and services sectors.
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