China unveils package to boost economy amid IMF growth warning

China unveils package to boost economy amid IMF growth warning - short news


Beijing to increase business lending and build more affordable housing as post-Covid recovery falters

China’s politburo has signalled measures to kickstart the faltering economy as the crisis gripping the country’s debt-laden property sector continued to play havoc with growth forecasts.

Amid a warning from the International Monetary Fund (IMF) that a slowdown in the world’s second-biggest economy could hurt the global recovery from Covid-19, President Xi Jinping’s..


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source: The Guardian - 07.12.2021

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