To encourage growth, Xi Jinping offers subsidies for upgrades of business and household equipment.
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China has announced a wide-ranging “special action plan” to promote domestic spending, in an effort to counter the economic ...
Authorities in China pledged on Sunday to "vigorously boost consumption" and "expand domestic demand in all directions" as ...
It covered everything from boosting people’s incomes to establishing a childcare subsidy system, and expanding a “cash-for-clunkers” program to trade in old goods like cars and electronics.
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(Charles Zhang/Marketplace) However, there were no details other than doubling subsidies for the existing cash-for-clunkers program to $41 billion. Boosting consumption is all the more difficult ...