Mon, December 16, 2024
[ Mon, Dec 16th 2024 ]: The New York Times
Trump Meets the Press
[ Mon, Dec 16th 2024 ]: MSN
Let's talk about Bidenomics
Sun, December 15, 2024

China to boost direct fiscal support to consumers, party commission says


  Copy link into your clipboard //politics-government.news-articles.net/content/ .. -support-to-consumers-party-commission-says.html
  Print publication without navigation Published in Politics and Government on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source


  China will promote stable growth in household income next year by increasing direct fiscal support to consumers and improving social security, a key economics committee of the Communist Party said. China will issue more government bonds,

The article from MSN discusses China's strategy to enhance direct fiscal support to consumers as a means to stimulate economic growth. According to a report by the Communist Party's Central Committee, this initiative aims to increase consumer spending, which has been sluggish due to various economic pressures including a property market slump and high youth unemployment. The plan includes measures like issuing consumer vouchers and possibly direct cash transfers to households. This approach is part of a broader economic policy to shift from investment-led growth to consumption-led growth, aiming to stabilize the economy and boost domestic demand amidst global economic uncertainties.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/china-to-boost-direct-fiscal-support-to-consumers-party-commission-says/ar-AA1vVSDr ]

Publication Contributing Sources