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China pulls out all the stops to engineer growth

PBOC will step up disposal of bad assets and guide banks to boost lending

China's chief planning agency is also making more money available to local governments to fund new infrastructure projects.


CHINA is stepping up support for the economy by ramping up spending and considering new measures to boost bank lending. For a start, the central bank issued a slew of measures on Tuesday to increase financial support to its struggling industrial sector, in the latest efforts to...