-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Provinces facing sharp slowdown to gain support
    2018-12-03  08:53    Shenzhen Daily

THE government will step up policy support for provinces facing sharp economic slowdowns and will take steps to ward off regional financial risks, Xinhua quoted the State Council as saying.

China is facing its weakest economic growth since the global financial crisis and policymakers are fast-tracking road and rail projects, pushing banks to increase lending, and cutting taxes to ease strains on businesses.

Targeted policy steps will be taken to help “regions where economic growth slows down due to objective reasons” to ensure their economic operation is within a reasonable range, Xinhua cited the State Council as saying.

“We should strengthen monitoring and early warning in areas with high leverage ratios, strengthen cooperation in local financial supervision and risk prevention, and more effectively prevent and resolve systemic regional financial risks,” it said.

The State Council called for increased coordination between fiscal, monetary and investment polices to support inter-regional projects in transport, water conservancy and environment projection.

China faces problems of big regional economic disparities, imbalanced regional development and unhealthy competition among regions, the State Council said.

Authorities aim to establish a new mechanism for coordinated regional development that is compatible with building a well-off society by 2020 and a new regional development mechanism that is compatible with its basic modernization by 2035, it said.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn