Inflation & Prices
China Maps Out Plan to Raise Incomes and Boost Consumption
Invigorating consumption has been a challenge for the government since the end of the pandemic.
Photographer: Yang Meiqing/VCG/Getty Images
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China will take steps to revive consumption by boosting people’s incomes, according to the official Xinhua News Agency, as part of a plan that adds to recent pledges by the government to support demand in an economy threatened by Donald Trump’s tariffs.
The guidelines that came from a State Council report set out other measures such stabilizing the stock and real estate markets, and offering incentives to raise the country’s birth rate. Investors await further clues from top officials during a press conference set to be held 3 p.m. Monday on steps to boost consumption.