Why is China spending billions to get people to open their wallets?
Source: BBC
Getty ImagesBeijing hopes that welfare measures and deep discounts can encourage spending The Chinese government has promised new child care subsidies, increased wages and better paid leave to revive a slowing economy. That is on top of a $41bn discount programme for all sorts of things, from dishwashers and home decor to electric vehicles and smartwatches.Beijing is going on a spending spree that will encourage…
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