China policy steps this year exceed those of 2020 state media cites premier


Source: yahoo.com yahoo.com

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BEIJING (Reuters) - The strength of China's policy measures to support the economy so far this year has exceeded those of 2020, state media quoted Premier Li Keqiang as saying on Monday. The government has unveiled a series of policies this year to support the COVID-ravaged economy. "This year, in response to new challenges, we decisively launched a package of policies and follow-up policies to stabilise the economy, with the strength exceeding 2020," Li was quoted as saying. Last week, the cabinet announced 19 new policies, including raising the quota on policy bank financing tools by 300 billion yuan ($43.4...