China adds 146 billion USD to stimulate the economy

In May, Beijing also announced a package of support measures totaling 1.9 trillion yuan, including support for small businesses.

Also at the 24/8 meeting, the Chinese government pledged to approve infrastructure development projects.

To increase energy supplies, state-owned power companies are backed by issuing special shares worth 200 billion yuan.

Agriculture was also supported by an additional 10 billion yuan.

In addition, the Chinese government also pledged to take more measures to support the development of private enterprises and technology companies.

The Chinese government has decided on a 19-point policy package, which includes 300 billion yuan for state-owned policy banks to invest in infrastructure projects.

China has just added a package of economic stimulus measures totaling 1 trillion yuan ($146 billion) to boost growth and limit damage caused by COVID-19 prevention measures as well as the impact of the real estate market crisis.