Industry And Cluster | News & Insights

Beijing to take targeted measures for steady economic growth

Published: September 6, 2019
Author: TEXTILE VALUE CHAIN

The State Council has called for enhanced efforts and targeted measures to keep the country’s major economic indicators within an appropriate range, said a State Council report.

Further steps will be taken to ensure the stability of employment, the financial sector, foreign trade, foreign investment, domestic investment and expectations, according to a statement released after a State Council executive meeting on Sept 4.

The Chinese economy achieved generally stable growth while making further progress in the first half of this year. Facing an increasingly complicated and challenging external environment, China is coming under rising downward economic pressure, the statement said. Efforts to ensure stable economic performance should be further prioritized with effective use of counter-cyclical adjustment policy tools and targeted measures

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