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More support for China’s economy but no major package

Pelican Press

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More support for China’s economy but no major package

China’s economic planning agency has outlined details of measures aimed at boosting the economy but refrained from major spending initiatives.

The piecemeal nature of the plans announced on Tuesday appeared to disappoint investors who were hoping for bolder moves, and Shanghai’s benchmark gave up a 10 per cent initial gain as markets reopened after a week-long holiday to trade just three per cent higher.



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#support #Chinas #economy #major #package

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