Source: www.reuters.com
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BEIJING (Reuters) - China will step up support to small and private businesses in the catering and tourism sectors that were hit hard by the COVID-19 epidemic, the country’s banking and insurance regulator said in a statement on Tuesday.
The recovery of consumption will be a priority, the regulator said. The purchase of big-ticket items such as new energy vehicles and green home appliances will also be encouraged, it said in the statement.
Reporting by Ellen Zhang and Meg Shen; Editing by Tom Hogue
