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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ANN ARBOR, MI — Just moments after news broke that the University of Michigan had fired head football coach Sherrone Moore with cause, Secretary of State Marco Rubio had been tapped as interim coach....
The 81-year-old, who is accused of organizing sex parties where male models were paid for sex and plied with drugs, had initially been deemed unfit when he was hospitalized back in May because of the ...
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