Reported 10 months ago
China's finance ministry announced plans to enhance fiscal support for consumption in 2025 by increasing pensions and medical insurance subsidies, alongside promoting consumer goods trade-ins. These measures aim to boost the economic growth rate, improve residents' livelihoods, and strengthen the social security system. Additionally, China will issue a record 3 trillion yuan in special treasury bonds to stimulate the economy amidst anticipated trade tensions with the U.S.
Source: YAHOO