May 31, 2022 - 11:36 AM 271 views
Reuters reported, citing the Chinese
documents. China's cabinet released a list of policies for the stabilised
To speed up the issuance of the
local government bonds, infrastructural and new energy projects are added to
the project pool that can be funded.
Boost vat credit rebates, increase
Will provide direction for lowering
real lending rates
This will allow companies to delay
the social security payments by the end of the year in the industries that are
hard-hit by the COVID outbreak.
It will administer the cash
subsidies until the end of the year for those companies that recruit the
Will advocate active developments in
Will go through support policy
carefully and reduce the purchase tax for some low-emission vehicles for the
This will slowly and steadily boost
the consumption of automobiles and home appliances.
Will slowly increase the number of
international passenger flights in an orderly way.
The Market Reaction
The AUD/USD currency pair is
undaunted and it remains pressurized by the above headlines and fell by 0.7200
points. As of now, the AUD/USD pair is trading at 0.7178 and fell by 0.22% in a