China Rolls Out More Measures to Stabilize Economy
China’s State Council is stepping up efforts to stabilize the economy with a raft of measures designed to improve market liquidity and encourage spending. Policymakers are fighting to support a recovery that’s been battered by a prolonged property crisis and repeated Covid outbreaks.
The cabinet issued 19 policies to bolster the economy, state broadcaster CCTV reported Wednesday after a meeting chaired by Premier Li Keqiang. The measures are expected to create synergies with policies already introduced and help stabilize the economy, the State Council said in a readout of the meeting.
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