Reported 3 months ago
Amid weak domestic demand threatening its annual growth target, China's ruling Communist Party has committed to boosting consumption and providing more economic support. At a recent meeting, leaders highlighted the need to shift economic policies to benefit people's livelihoods and promote spending, with plans for new supportive measures. As the economy faces challenges, including a slowdown in consumer spending and a property crisis, the government aims to enhance household income and stimulate demand in sectors like services and tourism.
Source: YAHOO