BEIJING, Jan 8 Reuters China has expanded the scope of a consumer goods tradein scheme and will give more subsidies for digital purchases this year, in an effort to revive sluggish domestic demand, an official policy document showed on Wednesday.
The measures follow a series of fiscal and monetary policy announcements made since September to consolidate economic growth around 5 in 2024 and 2025 and soften the blow from an expected increase in U.S. trade tariffs.
Below is a list of recent policies
January 2025 Millions of government workers across China are given surprise wage increases. The immediate payout would amount to a onetime shot to the economy of between about 12 billion and 20 billion.
Dec. 24 Reuters reports authorities had agreed to issue 3 trillion yuan 409.19 billion worth of special treasury bonds in 2025, the highest annual amount on record.
Dec. 17 Reuters reports Beijing would target a budget deficit of 4 of gross domestic product GDP next year, while maintaining an economic growth target of around 5.
Dec. 12 China39;s top leaders pledge to increase the budget deficit, issue more debt and loosen monetary policy to maintain a stable economic growth rate, according to a summary of the Central Economic Work Conference.
Dec. 11 Reuters reports China39;s top leaders are considering allowing the yuan to weaken in 2025 as they brace for higher U.S. trade tariffs.
Dec. 9 China switches to an appropriately loose monetary policy stance from a…