Vice Finance Minister inn China:
- China fiscal policy to be stepped up to support the economy
- China will move to implement preferential tax, fee policies - ease tax burdens on small firms, household businesses
- China firms still face difficulties, need more support
I posted earlier on the PBOC injecting hefty sums into the banking system:
A couple of weeks ago the Bank cut RRR:
Now this on fiscal support too.
The PMIs are all in expansion already while more support flows in:
China's new premier Li Qiang is leading the boosters
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aud will be a beneficiary