As China’s retail sales slow, new policy package aims to get consumers spending

As China’s retail sales slow, new policy package aims to get consumers spending

Beijing asks financial institutions to help increase domestic demand by making it easier to access credit and shifting focus to services.

Chinese leadership issues policy package to boost consumption

China has announced a new policy package to boost household spending, reports the South China Morning Post. The policies focus on tightening coordination between commerce and financial regulators, expanding access to credit and promoting new forms of consumption. The move comes as soft retail sales and weak consumer confidence continued to weigh on economic growth last month. Analysts said […]