In the face of ever-new economic difficulties, Beijing is stepping up its economic stimulus. On Thursday, the State Council, China’s cabinet, presented a package of 19 measures. Some of them are in addition to the monetary stimulus decided in June, and some are funds that have not yet been drawn down. The focus is on higher loans for cities and municipalities and infrastructure support. This marks a return to the proven instruments with which China’s government is driving up growth. The June package focused more on new technology (China.Table reported).
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