China has announced a plan to revitalise domestic consumption as President Xi Jinping’s government battles to reverse weak confidence and deflationary pressures in the world’s second-largest economy.
The government will “vigorously boost consumption” and “expand domestic demand in all directions”, according to Xinhua, China’s state news agency, echoing Xi’s exhortation late last year for policymakers’ to shift towards supporting demand following a sustained push to boost industry.
The plan from the state council, China’s cabinet, will focus on raising incomes, stabilising the real estate and stock markets and improving medical and pension services, though few details of planned fiscal expenditure were immediately available.
您已阅读19%（731字），剩余81%（3140字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。