Monday , July 6 2020
Home / South China Morning Post / China pledges largest-ever economic rescue package to save jobs and livelihoods amid coronavirus

China pledges largest-ever economic rescue package to save jobs and livelihoods amid coronavirus

Summary:
[unable to retrieve full-text content]China has pledged a package of 4 trillion yuan (US9 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…

Topics:
Frank Tang,Jun Mai,Sarah Zheng considers the following as important:

This could be interesting, too:

Charles Hugh Smith writes What Makes You Think the Stock Market Will Even Exist in 2024?

Tyler Durden writes 67 Shot, 13 Fatally, Over Fourth of July Weekend In Chicago: Police

Tyler Durden writes China New Car Sales Crash 37% In 4th Week Of June

Tyler Durden writes State Dept Warns Top US Firms To Replace Supply Chains Exposed To China’s Xinjiang

[unable to retrieve full-text content]
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…

Leave a Reply

Your email address will not be published. Required fields are marked *