0 billion yuan in railway construction bonds, Xinhua News Agency reported, citing a decision from a meeting of China's State Council, the cabinet, chaired by Premier Li Keqiang.
causes major disruption to business activity. Many economists expect the government won't meet its annual GDP growth target of about 5.5 per cent this year, with UBS Group AG the latest to downgrade its projection to just 3 per cent. The State Council said the policies are intended to"stabilise" the economy and get it back onto its normal track. The authorities will improve policies to help supply chains function, ensure domestic cargo transport runs smoothly and increase the number of domestic and international flights, it said.
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