China's finance minister says there is room for more economic stimulus but offers no plan

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World News

China's finance minister says the government is looking at additional ways to boost the economy, but he didn't unveil a major new stimulus plan at a news conference Saturday.

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The government has raised pensions and offered subsidies to people who trade in old cars or appliances for new ones, but such steps have failed to jolt economic growth.amid concern about whether the moves were enough to generate a sustainable economic recovery. Investors were hoping Lan would announce a stimulus package of up to 2 trillion yuan .

 

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