China raises salaries of civil servants to boost consumer spending

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The story "China raises salaries of civil servants to boost consumer spending" was covered 5 days ago by Business Standard, a news publisher based in India.

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China raises salaries of civil servants to boost consumer spending - Business Standard

Quick Summary:

Officials are ramping up support for lower income groups to ensure social stability, after economic pressures coincided with a spate of fatal attacks this year.

Officials so far have relied on rate cuts and housing sector support to encourage spending, refraining from nationwide cash handouts for consumers.

One teacher in eastern China said that while her pay had increased in December, with a lump sum going back to the summer, when taking into account the deep bonus cuts of recent years her wages hadn’t actually risen.