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China says it will use various policy tools to support employment

12 Tháng Năm 2022
China says it will use various policy tools to support employment © Reuters. FILE PHOTO: A general view of Tianjin, China, September 7, 2021. Picture taken September 7, 2021. REUTERS/Tingshu Wang

BEIJING (Reuters) -China will strive to stabilise the economy and will use various policy tools to support employment, state media quoted the cabinet as saying on Wednesday.

China's fiscal and monetary policy will prioritise employment, and various policy tools will be used to help stave off job losses, the cabinet was quoted as saying after a regular meeting.

"The new downward pressure on China's economy increased further in April due to the larger than expected impact from a new round of the pandemic and changes in the international situation," the cabinet said.

The economy has taken a hit as local authorities raced to stop the spread of record COVID-19 cases, which have led to a full or partial lockdown in dozens of Chinese cities, including a city-wide shutdown in the commercial hub of Shanghai.

The official jobless rate hit 5.8% in March, a near two-year high.

China will exempt interest payments on student loans due this year for college graduates of this year and last year, the cabinet said.

Price stability, grain output and goods supplies will be ensured, it added.

An additional 50 billion yuan ($7.45 billion) in renewable energy subsidies will be allocated for central-government backed power firms, the cabinet said.

China will also expand effective investment by channeling more private funds into infrastructure projects via issuance of real estate investment trusts (REITs), the cabinet said.

The China Securities Regulatory Commission (CSRC) said in a separate statement that it would launch a special corporate financing scheme in its unwavering support to the private economy.

The scheme is funded by state-owned China Securities Finance Corp, and will support private firms with good prospects and competitive technology, the CSRC said.

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23-05-2022 11:44:44 (UTC+7)

EUR/USD

1.0593

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EUR/USD

1.0593

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US Small Cap 2000

1,773.27

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8,484.50

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63.74

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 EUR/USD1.0593↑ Sell
 GBP/USD1.2550Buy
 USD/JPY127.36Buy
 AUD/USD0.7092Neutral
 USD/CAD1.2799↑ Buy
 EUR/JPY134.91↑ Sell
 EUR/CHF1.0293↑ Sell
 Gold1,853.47↑ Buy
 Silver21.883↑ Buy
 Copper4.3030↑ Sell
 Crude Oil WTI110.88Sell
 Brent Oil110.71↑ Buy
 Natural Gas8.193Sell
 US Coffee C216.48↑ Buy
 Euro Stoxx 503,657.03↑ Buy
 S&P 5003,901.36↑ Buy
 DAX13,981.91Buy
 FTSE 1007,389.98Neutral
 Hang Seng20,350.10↑ Sell
 Small Cap 20001,773.27↑ Buy
 IBEX 358,484.50Neutral
 BASF48.850Buy
 Bayer63.74Buy
 Allianz195.58Buy
 Adidas172.80Buy
 Lufthansa6.852↑ Sell
 Siemens AG115.08Neutral
 Deutsche Bank AG9.362Buy
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# So hôm qua # Chênh TG
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