China to boost support for consumption as coronavirus outbreaks ‘dampen’ spending

Source: China – South China Morning PostChina will roll out new measures to boost consumption and ensure supply chain security next year to counter growing headwinds facing the economy, the commerce minister has said.“The growth potential and momentum in consumption have yet to be fully released, as sporadic outbreaks of Covid-19 continue to dampen consumption and people’s motivation to spend,” Wang Wentao said in an interview with state-backed Xinhua News Agency on Monday.He said more effective policies will be introduced next year…Read More

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