China is considering including services in a multibillion-dollar subsidy programme to stimulate consumption, according to officials and academics, as the world’s second-largest economy struggles to boost chronically weak domestic demand.
The programme, which would seek to spur purchases of services in sectors such as travel, tourism and sports, could be launched in the second half of this year if consumption continues to lag behind expectations, said one official familiar with the matter.
It would come in addition to an existing “trade-in” programme for goods such as mobile phones or cars.
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