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× China ups spending, but no big steps for economy

BEIJING: China’s No. 2 leader on Friday promised higher spending to revive its coronavirus disease 2019 (Covid-19) pandemic-stricken economy and curb surging job losses, but steered clear of launching a massive stimulus on the scale of those in the United States or Japan.
In a speech to legislators, Chinese Premier Li Keqiang said Beijing would set no economic growth target — usually a closely watched…