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China – Government to roll out more support measures to stablise jobs (Reuters)

09 May 2022

China’s government will roll out more support measures to help small firms and stabilise employment, including the introduction of policies to support the platform economy as soon as possible, reports Reuters, citing State TV and Premier Li Keqiang. More financial help would also be provided, as policymakers urge financial institutions to extend loan repayment and exempt default interest rates for small firms. To help the foreign trade sector, which is a key source of jobs, the government will focus on securing foreign orders, keeping the yuan stable and providing more loans for trade firms.