China's stimulus plans to fill consumer pockets to meet its 2024 growth target breaks away from a decades-old policy playbook, but making household demand a sustainable driver of development instead of investment is a long path paved with tough choices. Reuters reported last week that Beijing plans to issue sovereign bonds worth about 2 trillion yuan ($284 billion) this year, in part to subsidise consumer goods purchases and child support, effectively transferring funds to households. That marks a shift towards stimulating consumption that many economists have called on Beijing to pursue for more than a decade, warning that China may otherwise grind towards a prolonged period of low growth as seen in Japan in the 1990s.
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Sheridan Gorman, 18, was fatally shot in the head while walking with friends on a pier close to Loyola University early Thursday, according to Chicago police. ...
At least 65 athletes, coaches, and referees have been identified among those killed during January protests, although the true toll is unclear....
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