Chinese President Xi Jinping and Premier Li Keqiang during the final session of the National People's Congress in Beijing on Thursday. Photo: EPA-EFE Chinese President Xi Jinping and Premier Li Keqiang during the final session of the National People's Congress in Beijing on Thursday. Photo: EPA-EFE
Chinese President Xi Jinping and Premier Li Keqiang during the final session of the National People's Congress in Beijing on Thursday. Photo: EPA-EFE

China pledges largest-ever economic rescue package to save jobs and livelihoods amid coronavirus

  • Premier Li Keqiang confirmed the 4 trillion yuan (US$559 billion) worth of cost cuts for the country’s struggling factories and merchants on Thursday
  • The combined cuts in business costs will be carried out on top of 2 trillion yuan in additional fiscal spending and government bond issuances

Topic |   Two Sessions 2020 (Lianghui)
Chinese President Xi Jinping and Premier Li Keqiang during the final session of the National People's Congress in Beijing on Thursday. Photo: EPA-EFE Chinese President Xi Jinping and Premier Li Keqiang during the final session of the National People's Congress in Beijing on Thursday. Photo: EPA-EFE
Chinese President Xi Jinping and Premier Li Keqiang during the final session of the National People's Congress in Beijing on Thursday. Photo: EPA-EFE
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