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China Rolls Out New Stimulus Measures as Covid Pressures Economy

  • State Council announces tax relief, construction bonds
  • Support is mostly aimed at companies rather than households
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WATCH: China will offer more than 140 billion yuan ($21.1 billion) in tax relief to companies and consumers. Kathleen Hays reports.Source: Bloomberg
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China rolled out a broad package of measures to support businesses and stimulate demand as it seeks to offset the damage from Covid lockdowns on the world’s second-largest economy.