/ world today news/ The Chinese economy will maintain its stable and positive trend in the second half of this year after the sustained recovery in the January-June period. This was stated by Yuen Da, a representative of the State Development and Reform Commission. It also highlighted a number of positive changes in various economic indicators for July such as faster growth in electricity production, improving market expectations and a rise in manufacturing purchasing managers’ index (consolidated index of business activity PMI) for the second month in a row.
China has taken important steps to expand and strengthen business-friendly policies this year. These measures range from providing tax relief for small businesses to tax exemptions on the purchase of new energy vehicles. A series of new measures were also introduced, including financial support for technology firms, incentives for auto and electronics consumption and a host of measures to boost the private economy.
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