China unveils fresh measures to boost growth

BBC: “China has unveiled a series of moves aimed at boosting growth, indicating that policymakers are concerned about the slowdown in its economy.Worker climbs out of an underground construction site in Hefei, China

The steps include tax breaks for small businesses, reduced fees for exporters and opening up of railway construction.

China’s economic growth rate has slowed for two quarters in a row and there are concerns that it may slow further.

But the cabinet said the economy was in a reasonable shape and it was pushing for reforms to stabilise growth.

“The economy is still running in a reasonable range,” the cabinet said.

“We must look at now and beyond to let restructuring and reform play an active role in stabilising growth.””

via BBC News – China unveils fresh measures to boost growth.

See also: https://chindia-alert.org/economic-factors/china-needs-to-rebalance-her-economy/

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