Chinese leaders pledge to tilt stimulus towards consumers

Q: How long will it take to read this news story?

The story "Chinese leaders pledge to tilt stimulus towards consumers" has 596 words across 24 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Chinese leaders pledge to tilt stimulus towards consumers" was covered 3 hours ago by Channel News Asia, a news publisher based in Singapore.

Q: How trustworthy is 'Channel News Asia' news outlet?

Channel News Asia is a fully independent (privately-owned) news outlet established in 1999 that covers mostly economy and business news. The outlet is headquartered in Singapore and publishes an average of 39 news stories per day. It's most recent story was published 1 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #21852655</li><li>URL: https://beamstart.com/news/chinese-leaders-pledge-to-tilt-17223294347360</li></ul>

Channel News Asia Logo Channel News Asia 3h ago

Chinese leaders pledge to tilt stimulus towards consumers - Channel News Asia

Quick Summary:

BEIJING: Chinese leaders signalled on Tuesday (Jul 30) that the stimulus measures needed to reach this year's economic growth target will be directed at consumers, pointing to a "batch of incremental policy steps" to boost domestic demand.

Beijing will also promote jobs for key groups including college graduates, and step up efforts to resolve issues such as food safety and social security, Xinhua said, citing the meeting.

What happened instead was that greater industrial capacity led to price wars and a cost-cutting race that kept wages depressed, fuelling job uncertainty and adding to the pain among consumers caused by the property sector downturn.