Skip to content

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
Video player cover image
WATCH: China will offer more than 140 billion yuan ($21.1 billion) in tax relief to companies and consumers. Kathleen Hays reports.Source: Bloomberg
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

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.