75 Days
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China to introduce new economic support measures
China plans to introduce new financial support policies to counteract the economic slowdown. These include stimulating lending and providing direct support to the local economy, with the goal of achieving a growth rate between 4.5% and 5%, despite the decline in industrial output, consumption, and investment over the past month. The measures also involve directing local governments to issue bonds and accelerate fiscal spending, while focusing on coordinating policies to achieve a multiplier effect and support economic activity without increasing overall spending, in an effort to address the pressures of economic deceleration.
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