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China Unveils Domestic Spending Plan to Counter US Tariffs
China launched a domestic spending plan to counter US tariffs, including income boosts, childcare subsidies, and a "cash-for-clunkers" program; initial retail sales rose 4% in January-February, exceeding expectations, but deflation and weak consumer confidence remain concerns.
China Unveils Domestic Spending Plan to Counter US Tariffs
China launched a domestic spending plan to counter US tariffs, including income boosts, childcare subsidies, and a "cash-for-clunkers" program; initial retail sales rose 4% in January-February, exceeding expectations, but deflation and weak consumer confidence remain concerns.
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