China is investigating the service subsidy to enhance weak domestic demand

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According to Chinese, consumption and scientists, the second largest economy of the world, including a multibillion dollar subsidy program to stimulate the consumption, also includes fighting chronic weak domestic demand.

The program, which will want to buy services in sectors such as travel, tourism and sports, can be launched in the second half of this year, if consumptions are behind the issue, if consumption is behind.

Would be added to one Existing “Trade-in” program for goods like mobile phones or machines.

There is a serious discussion on the “serious discussion” on the service subsidy program. They added that if the consumption is not as strong as expected in the first half of 2025, it was included in the “high levels of high” services and trade programs.

Authorities and scientists did not offer a figure for the expected size of the program, but this year for Chinese goods for trade goods this year for trade goods and RMB300BN ($ 41 billion)

Economists have called for re-balancing China for decades economy The internal demand is a need for a need for further exacerbation that has slowed a deep real estate sector to begin four years ago.

About 80 global leadership visit Beijing for a business forum for Beijing this week and Potential meeting with President Xi Jinpingwhere more consumption and services are expected to increase severe confidence in export and investment rather than consumer and service.

China’s trading surplus a Almost $ 1TN notes Last year and deflation pressures gave rise to the competitiveness of the goods, but also increased trade tensions with the EU with the EU and the EU.

In recent years, Beijing tried to increase internal consumption with trade schemes, but economists have criticized programs to help producers sell products to not recover the economy.

“Sustainable concern about this program This is not just beginning to begin, not continuously higher consumption, ChrI Beddor, Chinese Research Director

The IMF described China’s services sector as “unusual”, and last year, the economy appreciated 50 percent of the value added in the economy and compared to advanced countries.

A Chinese Academy, who is familiar with the issue, said that politicians in Beijing include services in the consumer subsidy program.

They said, “said,” he said, “he said, that the academician would be determined because it was not authorized to explicate official policy.

Some local governments have already presented consumer subsidies for cultural and tourism activities, but the academician said that there is no such program at the national level. However, the likelihood of decision is likely to be high and the application of any scheme will be gradually.

The Chinese Ministry of Finance did not meet a comment request for the subsidy program.

Beijing has become a more consumer position in recent months. Premier Lee, China’s second row officer, emphasized the domestic demand at the annual meeting of the country’s rubber sealing parliament.

The government also has made a plan For the consumption that increases the consumption of initiatives from the subsidy system for children’s care to present spring breaks for schools.

This week was expected to discuss the consumption between the chief leaders gathered in Beijing this week for the annual Chinese Development Forum closed on Monday.

However, a sign in a sign, to pay attention to Beijing, the agenda forum done by FT, showed that the meeting will begin with sessions “New quality productive forces“- an euphemism for high-tech production and supply chains.

At the end of the forum, in one session, the agenda will be discussed in one session.