CX Daily: Six Things to Know About China’s Fiscal Plan to Reignite the Economy
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Cover Story: Six Things to Know About China’s Fiscal Plan to Reignite the Economy
In a more forceful push to boost China’s sluggish domestic demand, policymakers are trying to make fiscal policy do more of the heavy lifting.
At the center of the effort is a 100 billion yuan ($14 billion) policy package that combines fiscal incentives with bank lending tools to steer more credit toward consumption and private investment.
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