$37 Billion Push: China Is Paying People To Shop, But Why Aren't Consumers Spending?
China describes its new approach as using "new demand to guide new supply, and new supply to create new demand".
China is offering consumers discounts to buy new smartphones, smart glasses and energy-efficient appliances. And yet the country has been struggling to turn around its domestic consumption. Beijing has set aside 250 billion yuan, or about $37 billion... [6435 chars]
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