New Policies, Old Habits: Can China Shift to a Consumer-Driven Economy?
18 Mar 2025
The Chinese government has announced new child care subsidies, higher wages, and better paid leave to boost the economy. Additionally, it has introduced a $41 billion discount program covering items like dishwashers, home decor, electric vehicles, and smartwatches. Encouraging Consumer Spending Beijing is urging citizens to spend more. However, consumer...
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