Economics
China to Accelerate Measures to Stabilize Growth
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China will speed up construction projects and other measures to support the economy after a slowdown in industrial-output and investment growth boosted risks of missing this year’s expansion target.
The nation will “seize the moment to roll out already-determined measures in expanding domestic demand and stabilizing growth,” the State Council, or cabinet, said in a statement last night after a meeting. China will “accelerate preliminary work and construction on key investment projects with timely assignment of budgeted funds,” it said.