Government will offer subsidies to low-income people, recapitalise banks, stabilise property market
A woman points at a model of a high-rise residential project by China Vanke at the developer’s showroom in Dongguan, Guangdong province.
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Government will offer subsidies to low-income people, recapitalise banks, stabilise property market
A woman points at a model of a high-rise residential project by China Vanke at the developer’s showroom in Dongguan, Guangdong province. (Reuters File Photo)
BEIJING – China pledged on Saturday to “significantly increase” debt to revive its sputtering economy, but left investors guessing about the overall size of the stimulus package, a vital detail to gauge the longevity of its recent stock market rally.
Finance Minister Lan Foan told a news conference that Beijing…