Caixin
Aug 25, 2022 04:06 AM
ECONOMY

China Rolls Out More Measures to Stabilize Economy

Pedestrians wearing protective masks walk through the Lujiazui financial district in Shanghai
Pedestrians wearing protective masks walk through the Lujiazui financial district in Shanghai

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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