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- China’s NDRC enlists ten key measures to support economy
China’s NDRC enlists ten key measures to support economy
In an interview with Xinhua News Agency, Ning Jizhe, Deputy Head of the National Development and Reform Commission (NDRC) enlisted ten crucial measures likely to be undertaken by the state planner to boost its economy.
Key measures
Step up government spending,
Strengthen support to manufacturers and small companies,
Ensure price stability
Work to stabilise industry supply chains,
Focus on solving chip shortage issues,
Step up monitoring of commodity prices,
Continue to implement proactive fiscal policies,
Step up efforts to build an integral domestic market,
While further shorten the "negative list" regarding foreign investment,
Combine cross-cyclical and counter-cyclical measures to prevent wild economic volatility.
Market reaction
USD/CNY is trading modestly flat at 6.3723 on the above comments.
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