Another indicator of new fiscal stimulus coming down the pike?
It's not every day you see an article from China Daily pointing out the problems in the economy. This one stresses the issue of weakening consumer demand.
More importantly, it gives suggestions on how Beijing might be able to address weak consumption through fiscal measures like tax cuts, product upgrade incentives, and localization of consumption tax collection to promote LGU efforts to boost demand.
Very interesting read. I wouldn't be surprised if these suggestions worked their way into real policymaking in the coming days/weeks.
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