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China Turns Focus on Supply Chains, Pledging More Financial Aid

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Shanghai Secures Food and Supplies for Elderly

China is taking stronger measures to stabilize supply chains, pledging financial aid and possible exemptions to allow some businesses activity to resume, to help limit the damaging effect of Covid restrictions.

Authorities will improve living and working conditions in the logistics industry and provide employees with financial support, such as deferring repayments on loans, according to a state media readout of a meeting attended by Vice Premier Liu He and chaired by State Councilor Xiao Jie on Monday.