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As business confidence dims across China, the nation’s top economic planning agency says authorities will encourage private investment in infrastructure projects, while carrying out reforms to ‘mobilise enthusiasm’. ....
China’s State Council has promised to scale up support for tech start-ups and ordered banks to extend special loans to companies in the platform economy, as Beijing rushes to stabilise the economy and job market. ....
Chinese stocks are holding their own even as aggressive liquidity tightening and recession worries trigger sell-offs in the US and Europe. With much of the bad news priced in and efforts to stabilise the economy bearing fruit, investors who cut their China exposure would be wise to revisit their position. ....
As concern grows about the labour market, China’s Communist Youth League says it will help at least 100,000 graduates find jobs this year, including through volunteer missions to impoverished regions. ....
This year, a record 10.76 million college students are set to graduate, adding pressure to a job market economists are calling the most challenging yet for young Chinese. Many are setting aside career dreams for stability. ....