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.
171 Articles
171 Articles
Will AI and robots drive China's next consumer spending spree?
China published a new action plan last Sunday aimed at boosting consumer spending, and the immediate question for many observers was whether this 'spend, spend, spend' initiative will be effective this time around.
Chinese authorities seek to boost births to fight population decline
The NewsChina’s local governments are stepping up attempts to encourage citizens to have more babies, boosting subsidies for childcare and supplies. More than 20 provincial administrations are now offering subsidies to encourage young couples to marry and have babies — Hohhot, the regional capital of Inner Mongolia, will pay first-time parents $1,400 and more for second and third children — and earlier this month Premier Li Qiang announced natio…
"Support measures show China's difficulty in giving its citizens a sense of economic security enough to spend"
CHRONIC. In the face of the American offensive that has increased tariffs on Chinese products, Prime Minister Li Qiang presented a thirty-point "special action plan" to support consumption, says Harold Thibault in his column.
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