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China will roll out more support measures to stabilise jobs - cabinet

06 Tháng Năm 2022
China will roll out more support measures to stabilise jobs - cabinet © Reuters. People wearing face masks to prevent the spread of the novel coronavirus disease (COVID-19) look at job advertisements at the West Coast New Area in Qingdao, Shandong province, China April 8, 2020. China Daily via REUTERS

BEIJING (Reuters) -China 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, State TV cited country's cabinet as saying on Thursday.

China's economy has slowed sharply in the second quarter this year, 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 in April.

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

While acknowledging firms are facing more difficulties, the government will follow through on its planned tax cuts and ensure VAT credit rebates will be returned to qualified companies by the end of June, according to a State Council meeting chaired by 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, the meeting said.

To help the foreign trade sector, which is a key source of jobs, the government will focus on securing foreign orders, keeping the yuan basically stable and providing more loans for trade firms, the meeting said.

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22-05-2022 03:00:18 (UTC+7)

EUR/USD

1.0562

-0.0024 (-0.23%)

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↑ Buy

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EUR/USD

1.0562

-0.0024 (-0.23%)

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GBP/USD

1.2489

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USD/JPY

127.86

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Neutral

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AUD/USD

0.7039

-0.0008 (-0.11%)

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Sell

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USD/CAD

1.2839

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EUR/JPY

135.05

-0.24 (-0.18%)

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Neutral

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EUR/CHF

1.0296

-0.0005 (-0.05%)

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Gold Futures

1,845.10

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Silver Futures

21.765

-0.143 (-0.65%)

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Copper Futures

4.3042

+0.0212 (+0.49%)

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Crude Oil WTI Futures

110.35

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Brent Oil Futures

112.91

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Natural Gas Futures

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US Coffee C Futures

216.48

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Euro Stoxx 50

3,657.03

+16.48 (+0.45%)

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S&P 500

3,901.36

+0.57 (+0.01%)

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DAX

13,981.91

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FTSE 100

7,389.98

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Neutral

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Hang Seng

20,717.24

+596.56 (+2.96%)

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US Small Cap 2000

1,768.35

-7.87 (-0.44%)

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IBEX 35

8,484.50

+78.50 (+0.93%)

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Neutral

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BASF SE NA O.N.

48.850

-0.010 (-0.02%)

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Buy

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Bayer AG NA

63.74

+0.34 (+0.54%)

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Buy

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Allianz SE VNA O.N.

195.58

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Buy

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Adidas AG

172.80

+0.92 (+0.54%)

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Buy

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Deutsche Lufthansa AG

6.852

+0.049 (+0.72%)

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Siemens AG Class N

115.08

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9.362

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 EUR/USD1.0562↑ Buy
 GBP/USD1.2489Neutral
 USD/JPY127.86Neutral
 AUD/USD0.7039Sell
 USD/CAD1.2839↑ Buy
 EUR/JPY135.05Neutral
 EUR/CHF1.0296↑ Buy
 Gold1,845.10↑ Buy
 Silver21.765↑ Sell
 Copper4.3042↑ Buy
 Crude Oil WTI110.35↑ Sell
 Brent Oil112.91↑ Sell
 Natural Gas8.058↑ Sell
 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 Seng20,717.24↑ Sell
 Small Cap 20001,768.35↑ 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
SJC Eximbank6,875/ 6,975
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