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China: PM urges local officials to strengthen pro-growth measures

Quoting the Chinese Premier Li Keqiangthe People’s Daily, the flagship newspaper of the Communist Party, reported that Li iUrged local officials in six key provinces representing around 40% of the country’s economy to step up pro-growth measures.

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The assembled officials must take the initiative to boost consumption and offer more fiscal support through the issuance of government bonds for investments.

They promise to “reasonably” intensify political support to stabilize employment, prices and ensure economic growth.

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Opening up is the only way to fully exploit the two markets and resources and improve international competitiveness.

Source: Fx Street

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