Chinese maps plan to increase income and increase consumption

China will take steps to revitalize the revival of the consumption by increasing the income, the official Sincho news agency asked Sunday astatementFrom the State Council.

Other measures are trying to stabilize shareholders and real estate markets and reduce the deflation pressure from the government that harms the economy, as the state is born.

Beijing will encourage “reasonable growth” in the salary and will build a sound mechanism for regulating the minimum wage. It will also strengthen how to build a child care subsidy system and how to support the consumption of investment.

Read more:Why China struggles to escape the period of deflation: Quicktake

Revitalizing consumption has been a problem for the government since the end of the pandemic. Retail sale was anemic during consumer pricesbe deflatedFor the first time in February for the first time.

This month, the country’s leadership in parliamentary meetings, President Xi Jinping increased the advantage of consumption for the first time since President Xi Jinpin ‘came to power ten years ago.

Chinese stocks Most rallies In two months, China’s cabinet, China’s cabinet, officials of the Ministry of Finance, the Central Bank and other government departments have planned to hold a press conference to increase the consumption of the authorities.

Other points of the plan:

• Expand the products related bonds for individual investors
• To take a large number of measures to promote farm income growth
• Grow financial assistance for some students
• Increase the main pension for retirees properly
• Ensure timely and fully distributed of unemployment benefits
• Support tourist sites in acceptable extension for expansion and working hours
• Support for opening shops without tipples in cities where conditions are permitted
• Support support for trading programs
• Lower interest rates on the apartment provider fund loans in the appropriate time
• Regular restriction of consumption
• Accelerate the development of new technologies and products such as smart obsolescence and autonomous driving

This story was first displayed Fortune.com

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