Reported 1 day ago
Economists from Peking University and a former central bank adviser have called on China to intensify support for its services sector to boost consumer spending, especially as authorities prioritize household consumption in response to economic challenges. They suggest expanding current fiscal stimulus measures to include services, which are seen as more stable than goods consumption. The goal is to elevate household services spending significantly by 2035, which could become a major driver for employment and economic growth.
Source: YAHOO