China’s Stimulus Brings Limited Relief to Lockdown-Hit Consumers

(Bloomberg) — China rolled out a broad package of support measures largely targeted toward businesses struggling to cope with Covid lockdowns, with limited relief for consumers facing job losses and sliding incomes. The State Council, China’s cabinet, outlined a 33-point plan that gives companies more than 140 billion yuan ($21 billion) of extra tax rebates […]

Bloomberg News

May 24, 2022