Tax & Spend

China Stops Short of Direct Consumer Support to Spur Economy

New NDRC document outlines measures targeted at supply side
Beijing’s latest signals of support spur investor optimism

WATCH: China’s momentum is fading after decades of supercharged growth. A much anticipated post-pandemic recovery appears to have flopped, with data flashing warning signs across the economy. The government’s traditional tools to boost growth may not provide such obvious options this time. We’ll look at why China’s slowdown could send ripples around the world.Source: Bloomberg

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By Bloomberg News

July 30, 2023 at 11:51 AM UTC

Updated on

July 31, 2023 at 9:12 AM UTC

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China is seeking to boost consumption to spur the economy’s recovery, although the government has stopped short of providing direct fiscal support to consumers and companies to increase spending.