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International Business Times
International Business Times
Business
Peter CATTERALL

China Poised To Approve More Help For Ailing Economy

Chinese officials are expected to unveil billions of dollars in support for their struggling economy Friday (Credit: AFP)

China is expected to unveil a huge support package for the struggling economy Friday as officials wrap up a key meeting with an eye on the possibility of intensified trade tensions with US president-elect Donald Trump.

Economists predict Beijing will approve hundreds of billions of dollars of help, with a focus on indebted local governments as well as cash for banks aimed at writing off non-performing loans.

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