China’s cabinet pledges direct, targeted policy to support economy, to keep liquidity reasonably ample

 

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

 

 

China will make further plans to increase fiscal funds to directly benefit the real economy, in particular small businesses, in a bid to enhance the foundation for economic recovery, according to the State Council meeting chaired by Premier Li Keqiang on Monday.

As of early August, among the 2 trillion yuan in increased fiscal funds approved for the year, 300 billion yuan has been used for tax and fee cuts, it said. Of the 1.7 trillion yuan under the special transfer payment system, apart from the reserved proportion of the proceeds of the special treasury bonds . . .

Sign In or Subscribe To Get Full Access. 

 

Try Us For Free

We Are Live On THE WIRE Every Trading Day in China Market. Don't Miss Out and Join Us Now!

 

Users' reviews 

 

They work with us

Sign Up For Free Weekly China Market Highlights HERE!