Consumption: How long will the Chinese s • Table.Briefings

Extensive subsidies are supposed to encourage Chinese consumers to buy new household appliances.

Purchase incentives for Chinese consumers are beginning to bear fruit. However, in the past, China has only managed to boost domestic consumption temporarily. The economic planners now want to get to the root of the problem with paid leave and childcare support.

The key statement by the Vice Chairman of the National Development and Reform Commission (NDRC) on Monday was drastically underrepresented in the media. „China’s consumer climate is improving, but consumer confidence remains weak,“ said Li Chunlin, who is partly in charge of setting the course for the Chinese economy through the powerful authority.

Consumption: How long will the Chinese spend more money?

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