Shultz argued that the post-war welfare state and its ‘categorical relief’ had become an ‘oppressive administration’, ‘often highly inequitable and inadequate for the relief of poverty’ and a ‘waste’ of
We fully implemented a series of policies featuring relief for enterprises, and we further increased inclusive loans to tide over SMEs impacted by COVID-19. We continued to optimize our credit structure so that a relatively rapid growth rate was achieved in our loans to advanced manufacturing ...