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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.