China unveils 30-point toolbox to lift consumption
China has unveiled a 30-point action plan aimed at stimulating consumption by increasing household wealth, boosting the stock and property markets, and increasing funding for artificial intelligence (AI). The plan, jointly released by the Communist Party's Central Committee and the State Council, underscores the government's urgency in consolidating economic growth by boosting consumer sentiment.
The action plan details measures to promote wage growth through increased employment, raising the minimum wage, and enforcing paid annual leave. It also pledges government investment, fiscal support, and credit to boost consumption, while reiterating Beijing's commitment to stabilizing the property market and taking measures to stabilize the stock market.
via SCMP Full Text Feed
China has unveiled a 30-point action plan aimed at stimulating consumption by increasing household wealth, boosting the stock and property markets, and increasing funding for artificial intelligence (AI). The plan, jointly released by the Communist Party's Central Committee and the State Council, underscores the government's urgency in consolidating economic growth by boosting consumer sentiment.
The action plan details measures to promote wage growth through increased employment, raising the minimum wage, and enforcing paid annual leave. It also pledges government investment, fiscal support, and credit to boost consumption, while reiterating Beijing's commitment to stabilizing the property market and taking measures to stabilize the stock market.
via SCMP Full Text Feed
