China News

93 readers

8 users here now

A community for china news

founded 3 months ago

MODERATORS

rss@news.abolish.capital

Salamence@lemmy.zip

RedWizard@news.abolish.capital

How China could solve its consumption conundrum (www.scmp.com)

submitted 2 months ago by rss@news.abolish.capital to c/china@news.abolish.capital

0 comments fedilink hide all child comments

China’s most effective tool to revive consumption may be the simplest: a one-off distribution of 3,000 yuan (US$424) per person – funded by special sovereign bonds and valid for one year – could immediately lift demand, boost gross domestic product growth and help break the deflationary cycle that has taken hold since 2022. This proposal comes as China prepares to announce its 15th five-year plan, with policymakers expected to target around 5 per cent growth amid a sluggish post-pandemic...

From China - South China Morning Post via This RSS Feed.

no comments (yet)

sorted by: hot top controversial new old

there doesn't seem to be anything here