Fridges not bridges: China veers off beaten path with consumer stimulus
26.07.2024 12:04:38
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China used ultra-long treasury bonds to fund a consumer goods trade-in programme, deviating from typical investment-boosting strategies. About 150 billion yuan will subsidise household goods replacements. Economists expect more demand-focused stimulus measures if growth remains sluggish. The scheme did not significantly impact sales as intended, facing criticisms for creating inefficiencies.