Li says var­i­ous tools will be used to boost growth

China Daily (Canada) - - NEWS CAPSULE -

Premier Li Ke­qiang promised that China will use sev­eral pow­er­ful pol­icy weapons to boost growth as the econ­omy ex­pe­ri­ences a lin­ger­ing slow­down and his­toric tran­si­tion.

The gov­ern­ment will make full use of fis­cal poli­cies, re­duce taxes prop­erly and help com­pa­nies to over­come their dif­fi­cul­ties and up­grade struc­ture, Li told a meet­ing of econ­o­mists and busi­ness­men.

The gov­ern­ment will in­vest more to im­prove in­fra­struc­ture in cen­tral and western China to achieve bal­anced de­vel­op­ment, and pri­vate com­pa­nies are wel­come to in­vest in such projects, he said.

The premier also promised to keep in­no­va­tion in mon­e­tary poli­cies to pro­vide bet­ter ser­vices to the real econ­omy and to re­duce com­pa­nies’ costs of fi­nanc­ing.

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