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


Published on 2024-12-16 07:00:56 - MSN
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  • 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 ]