China is holding a press conference now on steps to boost consumption.
China's State Planner Vice Chairman: Authorities Intensifying Efforts to Develop Childcare Subsidies and Wage Policies.
China's Finance Ministry Official: 66.74 Billion Rmb Allocated for 2025 Employment Subsidies to Support Job Creation Policies; Will Allocate the Remaining Bond Funding for Consumer Goods TraDe-in Scheme Soon; To Increase Education Funding and Support in 2025, Alleviating Student Family Costs; Central Government to Allocate Funds to Boost Inbound Consumption in Key Cities.
China's Commerce Ministry: to Crack down on Fraudulent Transactions and Violations in TraDe-in Programs to Maintain Market Order.
China’s PBOC Official: Will Use Policy Tools Such as Reserve Requirement Ratio and Relending and Discount Facilities; To Explore New Structural Monetary Policy Tools.
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