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China announces plan to ‘vigorously boost consumption’ in bid to shore up economy

  • China announced a "Special Action Plan to Boost Consumption" to enhance domestic consumption and reduce burdens on citizens, as reported by Xinhua news agency.
  • Chinese leaders pledged an additional 300 billion yuan for consumer subsidies at a parliamentary meeting in January.
  • The National Bureau of Statistics reported a 4 percent increase in retail sales for January and February, which is higher than December's 3.7 percent growth.
  • A 30-point plan was issued to stimulate consumer spending, emphasizing its importance to China's economy.
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diariolarepublica.ar broke the news in on Sunday, March 16, 2025.
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