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To further stimulate the economy, China will issue RMB3 trillion worth of special treasury bonds next year, marking the largest issuance in history, Reuters, citing sources, reported. The RMB3 trillion special treasury bonds will primarily be used for subsidy programs to boost consumption, support enterprise equipment upgrades, ...
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China's Ministry of Finance (MOF) announced that the National Financial Work Conference was held in Beijing from December 23 to 24 to implement the decisions and arrangements of the Central Committee of the Party and the State Council, as well as to summarize the financial work of 2024 and map out key tasks for 2025.The meet...
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China's home appliance trade-in subsidies have been strongly utilized 4Q24-to-date, with low penetration categories performing more favorably, according to a research report released by Morgan Stanley. The market is now focused on the potential subsidy extension into 2025, which is the key driver for domestic demand. The bro...
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The Central Economic Work Conference (CEWC) will prioritize boosting consumption, and expecting that consumption incentives will continue to be stepped up, which in turn will lead to a faster recovery of consumption, CICC released a research report saying. CICC suggested investors to pay attention to the leading consumers in var...
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Consumers have become more cautious in 2024 in wake of the long-term impact of the epidemic on the economy, BOCI said in a report. Fortunately, the Chinese government has already begun to address local government debt problems and take measures to boost consumption. Although there are still opportunities for growth in the domest...
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