✉news BusinessEconomy first seen 2 h ago, last 2 h ago, peak #33
China tasks local governments with pilot policies to boost consumption
Original: China asks local governments to pilot ‘high quality’ policies to boost consumption
China's central government has instructed local authorities to run pilot programmes testing 'high quality' policies aimed at stimulating consumer spending. The move signals Beijing's continued concern over weak domestic demand, as officials look for locally tailored measures to encourage households to spend and support economic growth.
Why now: Concerns over China's sluggish consumption are prompting policymakers to seek new ways to stimulate spending.
Evidence
- China asks local governments to pilot ‘high quality’ policies to boost consumption · South China Morning Post
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