China is doubling down on its efforts to encourage domestic consumption, with the central government and the country’s wealthiest province rolling out policies aimed at providing structural financial support and on-the-ground incentives.
Continued policy support is crucial to keep China’s domestic consumption afloat as trade uncertainties and unemployment pressures persist, analysts said.
The People’s Bank of China (PBOC) said on Tuesday that a 500 billion yuan (US$69.68 billion) relending quota…
China’s central bank doubles down on financing support to boost consumption
