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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: stsimon who wrote (5661)	5/28/2020 1:08:35 PM
From: elmatador	Respond to of 13803

China pledges 4 trillion yuan (US$559 rescue package to save jobs and livelihoods amid coronavirus Premier Li Keqiang confirmed the 4 trillion yuan (US$559 billion) worth of cost cuts for the country’s struggling factories and merchants on ThursdaySpeaking on the final day of the National People’s Congress, Li confirmed the package would exceed the stimulus response to the global financial crisis in 2008 China has pledged a package of 4 trillion yuan (US$559 billion) worth of cost cuts for the country’s struggling factories and merchants in 2020, the largest economic rescue plan in its history, in an enhanced effort to save jobs that were put at risk by the coronavirus outbreak, Premier Li Keqiang confirmed on Thursday. The combined cuts in business costs, which include tax exemptions, lower bank interest rates and waived contributions to social welfare funds as well as reduced prices for utilities such as electricity, will be carried out on top of 2 trillion yuan in additional fiscal spending and government bond issuances scmp.com