China Looks to Boost Consumption Amid Consumer Squeeze
The plan comes as levels of consumer demand in China have suffered various setbacks in recent years, due to factors such as COVID-19 disruptions and a prolonged property slump, chilling the propensity of households to spend and adding to deflationary trends.
Beijing’s leaders are ordering fiscally strapped local governments to spend more to help workers, consumers and businesses.
Foreign capital fled China's markets last year amid economic woes and Beijing's stiff approach to its tech sector. Sources ...
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