China’s Politburo vowed to step up support for economy, to hold key meeting in July
MACRO POLICY & REGULATION TOP
China’s Politburo vowed to step up support for economy, to hold key meeting in July
MACRO POLICY & REGULATION TOP

China’s Politburo vowed to step up support for economy, to hold key meeting in July

 

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China will step up support for the economy with prudent monetary and proactive fiscal policies, including interest rates and bank reserve requirement ratios (RRR), said the Politburo, the top decision-making body of the Communist Party, at a meeting chaired by President Xi Jinping on Tuesday.

The authority will be flexible with policies in the world's second-biggest economy, which grew faster than anticipated in the first quarter but is still facing headwinds . . .

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