China promises timely measures to deal with economic challenges

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China will implement tools in a timely manner to deal with further economic challenges as Covid-19 outbreaks and Ukraine crisis risks pose a threat to employment and price stability, an official at the state planning body said on Tuesday. fair (28).

Activity in the world’s second-largest economy is starting to pick up after Covid-19 lockdowns in April and early May, but issues such as a downturn in the housing market, weaker consumer spending and the risk of further outbreaks of Covid-19 persist.

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The government will implement its existing support measures while improving its tools, Ou Hong, deputy secretary general of the National Development and Reform Commission, said at a press conference.

The new support, depending on the circumstances, could be implemented in a timely manner, he said.

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“We are fully confident of overcoming difficult challenges in economic operation and we have the ability to deal with all kinds of unexpected changes to ensure stable, healthy and sustainable economic development,” added Ou.

Or acknowledged that the Covid-19 outbreaks and Ukraine’s crisis since March threaten to dampen growth and boost unemployment and inflation.

Source: CNN Brasil

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