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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
Govt. plans more support for economy
    2019-09-03  08:53    Shenzhen Daily

THE government plans to provide more support for its economy, including investing in infrastructure projects and regional development, while maintaining a prudent monetary policy with “reasonably” ample liquidity, the State Council said late Sunday.

As the world’s second largest economy weathers its biggest slowdown in decades, the State Council said the government aimed to better integrate fiscal, financial and monetary policies, deepen capital market reforms and further open up the financial sector.

“We attach great importance to the development of infrastructure, high-tech, traditional industrial transformation, social services and new growth regions,” the State Council said in a statement following a meeting of the Financial Stability and Development Commission chaired by Vice Premier Liu He on Saturday.

China’s economy faces pressures from a trade dispute with the United States. China’s vast manufacturing sector shrank in August for the fourth month in a row, data showed Saturday, although the services sector picked up for the first time in five months.

The State Council said the government would also encourage banks to use more innovative tools to replenish capital through multiple channels, but did not elaborate.(SD-Agencies)

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