Chinese authorities said on Thursday they will craft policies aimed at stimulating spending on housing and unlocking consumer savings that have built up during the pandemic.
The policies include efforts to help the elderly, improve child care services and encourage couples to have more children - announcements that follow aThe plans from China's state planning body, the finance and industry ministries were outlined in Qiushi, the ruling Communist Party's journal. The central bank also said this week that it would encourage financial institutions to lend more to private sector businesses.
While not all new in content, the slew of announcements underscores a sense of urgency on the part of Chinese authorities in their efforts to reinvigorate the economy. Last year it slumped to one of its weakest levels of growth in nearly half a century, battered by zero-COVID policies. Analysts expect stimulus measures to be announced over the coming months, noting that data has shown some signs of recovery in the economy although it is still far from firing on all cylinders.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
VP Harris says Chinese spy flight episode shouldn’t impact relations with ChinaChina's decision to send spy craft into U.S. airspace should not impact America's relations with the country, Vice President Kamala Harris said Tuesday.
Read more »
D.C.-area forecast: Spring-like warmth continues before brief cold snap Friday into SaturdayOccasional scattered showers are likely Thursday into Thursday night with a few gusty storms possible.
Read more »
US crane ship retrieves huge section of Chinese spy craft from AtlanticA U.S. crane ship retrieved a 30-foot section of China's spy craft from the bottom of the Atlantic on Friday. Investigators stripped it of sensors for analysis.
Read more »
China's President Xi: To deepen industrial and investment cooperation with AsiaChina’s state media is reporting some encouraging comments from Chinese President Xi Jinping on Thursday. Key quotes “Willing to share ultra-large-sca
Read more »
Warm and Partly Cloudy Valentine's; Stay Weather Aware Thursday - Alabama NewsA calm but warm Valentine's Day is in store, but our streak of calm days will end Thursday... alwx
Read more »