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China announces three-year stimulus plan for textile sector

China's State Council, or Cabinet, on Friday unveiled a detailed, three-year support plan for the textile industry.
China will boost the electronic and IT industry's development to create 1.5 million jobs, including 1 million for college graduates, in three years, the State Council said.
China Daily/Xinhua
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To prevent fraud in the use of its multi-trillion-yuan stimulus package, the central government sent out 24 inspection teams nationwide last week to oversee how the money is being spent.