Ample arrows in quiver to ride out storm

Quick Summary:

China is preparing to roll out a series of incremental policy measures to stabilise the overall economy, with policymakers signaling stronger fiscal, monetary and consumption-boosting initiatives on Monday as part of its larger drive to reinforce recovery amid external headwinds.

About 140 billion yuan in subsequent funding will be allocated based on local fund utilisation processes, while new initiatives will include establishing a childcare subsidy system and strengthening support for service consumption sectors and eldercare.

"We will lower the reserve requirement ratio and interest rates at appropriate times based on domestic and international economic conditions and financial market developments, and maintain ample liquidity," Zou said.

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Category: EconomyBusiness

Markets: MalaysiaChina

Topics: Economy /Business/Business News Economy Fiscal Consumption Monetary Investment Policy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-29 @ 14:29:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 602 words

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Sentences: 21 lines

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News ID: 28281071

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