Be more patriotic, China's Xi Jinping tells companies as country tries to boost economy

📆 7/21/2020 10:15 AM
📰 The Straits Times

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BEIJING (REUTERS) - Chinese companies should be more patriotic as well as enhancing their ability to expand overseas, as the country strives to make up economic losses caused by the coronavirus pandemic, President Xi Jinping said on Tuesday (July 21), according to state broadcaster.. Read more at straitstimes.com.

BEIJING - Chinese companies should be more patriotic as well as enhancing their ability to expand overseas, as the country strives to make up economic losses caused by the coronavirus pandemic, President Xi Jinping said on Tuesday , according to state broadcaster.

Xi said the government will target a good growth rate this year, making fiscal policy more proactive, prudent monetary policy more flexible, and macro-economic policies more targeted and timely, according to the report. The economy returned to growth in the second quarter after a deep slump at the start of the year, but unexpected weakness in domestic consumption underscored the need for more policy support to bolster the recovery after the shock of the coronavirus crisis.

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