BEIJING, May 31 Reuters China39;s cabinet announced a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive its pandemicravaged economy, adding it will inspect how provincial governments implement them.

The stimulus package, which was flagged by China39;s State Council in a routine meeting last week, underscores Beijing39;s shift toward growth, after COVID19 control measures pounded the economy and threaten Beijing39;s 5.5 growth target for the year.

To revive investment and consumption, the government ordered localities not to expand curbs on auto purchases and said those which already have curbs in place should gradually increase their quotas on car ownership.

The Ministry of Finance also said on Tuesday that it would halve the purchase tax for smallengined cars. B9N2X102M

China will promote healthy development of platform companies, which are expected to play a role in stabilising jobs, the State Council said.

Platform companies are also encouraged to make breakthroughs in areas including cloud computing, artificial intelligence and blockchain technologies, the State Council said, the latest sign that China is easing a crackdown on ecommerce platforms and tech giants.

China will also expand private investment, accelerate infrastructure construction and stimulate purchases of cars and home appliances to stabilise investments, according to the measures.

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In terms of monetary and financial…