Reported 12 days ago
Chinese leaders have announced plans to implement 'necessary fiscal spending' to achieve a 5% economic growth target for the year, in light of new challenges and declining consumer confidence. The commitment was made during a Politburo meeting, where officials emphasized support for household consumption and the struggling real estate market. With increased government spending and a range of monetary easing measures, including interest rate cuts and liquidity injections, the aim is to stabilize the economy amid deflationary pressures and exports dependence.
Source: YAHOO