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Economic Policy

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WASHINGTON (AP) — The economy grew at a 4.1% pace in the final three months of 2020, slightly faster than first estimated, ending a year in which the overall economy, ravaged by a global pandemic, shrank more than in any year in the past seven decades.

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WASHINGTON (AP) — President Joe Biden’s pick to be the top U.S. trade envoy promised to work with America’s allies to combat China’s aggressive trade policies, indicating a break from the Trump administration’s go-it-alone approach.

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HONG KONG (AP) — Hong Kong will introduce 120 billion Hong Kong dollars ($15.4 billion) in fiscal measures to help businesses and residents impacted by the coronavirus pandemic, as it looks towards economic growth later this year following a recession in 2020.

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SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom signed a $7.6 billion coronavirus relief package on Tuesday that will give at least $600 one-time payments to 5.7 million people while setting aside more than $2 billion in grants for struggling small businesses.

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BEIJING (AP) — China's top diplomat called Monday for new U.S. President Joe Biden’s administration to lift restrictions on trade and people-to-people contacts while ceasing what Beijing considers unwarranted interference in the areas of Taiwan, Hong Kong, Xinjiang and Tibet.

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