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China ups subsidies to beef up Covid fight

BEIJING: China will boost the steady growth of the industrial economy and support the services sectors in special difficulty, according to a decision made at the State Council's Executive Meeting chaired by Premier Li Keqiang.

The meeting underscored the backbone role of industrial and services sectors in economic development and employment stability. As recovery of the industrial economy is not yet fully established and some service industries still face special difficulty caused by Covid-19, measures will be rolled out swiftly to provide stronger support.