China Boosts FiscalStimulus Amid Trade War

This is a China news story, published by MSN, that relates primarily to Li Qiang news.

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Reuters

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World

China ramps up stimulus to guard economy from changes 'unseen in a century'

Summary

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77% Informative

China signals greater efforts to boost consumption as a means to ring-fence the economy's path towards this year 's roughly 5% growth target.

Premier Li Qiang warned that "changes unseen in a century are unfolding across the world at a faster pace" The trade war with U.S. President Donald Trump 's administration is threatening to crimp China 's economic jewel, its sprawling industrial complex.

China 's 5% growth rate last year was among the world's fastest, but it was hardly felt at street level.

While China runs a trillion dollar annual trade surplus, many people complain of unstable jobs and incomes.

"Further expanding the trade surplus is no longer a good strategy," says Andrew Xia , chief economist.

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