Economic news
China to boost direct fiscal support to consumers, party commission says
2024.12.16 03:33
BEIJING (Reuters) – China will promote stable growth in household income next year by increasing direct fiscal support to consumers and improving social security, a key economics committee of the Communist Party said.
China will issue more government bonds, including local government special bonds, in 2025, the Central Financial and Economic Affairs Commission said, according to an article published by the official Xinhua news agency on Monday.
The commission also vowed to implement “appropriately loose” monetary policy to effectively lower interest rates on local government debt.
