{"id":4731,"date":"2022-09-12T12:37:00","date_gmt":"2022-09-12T12:37:00","guid":{"rendered":"https:\/\/asiaposts.com\/china-to-roll-out-more-measures-to-stabilise-economy-state-media\/"},"modified":"2022-09-12T12:37:00","modified_gmt":"2022-09-12T12:37:00","slug":"china-to-roll-out-more-measures-to-stabilise-economy-state-media","status":"publish","type":"post","link":"https:\/\/asiaposts.com\/china-to-roll-out-more-measures-to-stabilise-economy-state-media\/","title":{"rendered":"China to roll out more measures to stabilise economy: State media"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<p>BEIJING: China will continue to roll out phased policies to stabilise its economy with a focus on reviving consumption and boosting investment, and implement these policies as soon as possible, state media cited Premier Li Keqiang as saying on Monday (Sep 12).\u00a0<\/p>\n<p>China will implement a variety of measures to stabilise growth, employment and prices, Premier Li said.<\/p>\n<p>&#8220;China will promote the recovery of consumption as the main pulling force and make greater efforts to boost effective investment&#8221;, Premier Li was quoted by state radio.<\/p>\n<p>The world&#8217;s second-largest economy narrowly avoided contracting in the second quarter amid widespread COVID-19 lockdowns and weakness in the property market which have dented consumption and factory activity.<\/p>\n<p>Li also said China would accelerate building key projects and increase policy bank financing based on the needs of local economies.<\/p>\n<p>Recent data showed China&#8217;s economy lost further momentum in August, with factory activity extending declines and export growth slowing as demand wanes amid strict COVID-19 restrictions.<\/p>\n<p>China&#8217;s cabinet last week announced more steps to spur investment, extending a raft of measures to bolster an economy ravaged by COVID-19.<\/p>\n<\/div>\n<p>[ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] BEIJING: China will continue to roll out phased policies to stabilise its economy with a focus on reviving consumption and boosting investment, and implement these policies as soon as possible, state media cited Premier Li Keqiang as saying on Monday (Sep 12).\u00a0 China will implement a variety of measures to stabilise growth, employment and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4732,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[40,20,6],"tags":[221],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - 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