Childcare and more paid leave: Will China's new plan to boost spending work?

Cristiana Gigina

China's leaders are trying something new to revive the country's slowing economy: encouraging people to spend more. At this year's Two Sessions in Beijing - the country's most important political meeting of the year - officials set an annual growth target of 4.5%–5%, the lowest since 1991. Alongside the goal, policymakers unveiled measures aimed at boosting household spending - a tacit admission that the old drivers of growth may no longer be sustainable. In many ways, it marks a reversal of

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