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China issues third budget round worth $60bln to support local tax rebates, key social spending as virus bites

Chinas Ministry of Finance issued the third round of financing worth 400 billion yuan ($59.57 billion) budget ahead of schedule, just one month after the issue of second batch, in an effort to support local governments to implement tax rebates, and key social spending as the virus hits the worlds second-largest economy.
China State Council Ministry Of Finance On Taijiang District Fujian Province State Council

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