News > China increases consumption after disappointing post-Covid economic recovery data

China increases consumption after disappointing post-Covid economic recovery data

Chinese authorities announced new measures to boost consumption as fresh economic data suggested that the country's post-Covid recovery is running out of steam and growth is slowing. A sluggish job market and general uncertainty over the future mean consumer confidence is low. China's State Council released a 20-point plan to increase consumption across the board, touching on housing, culture and tourism, as well as green consumption such as electric vehicles.