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China's social security improvements to unleash consumer power: economist

NAMPA / Xinhua
2026-01-27
BEIJING, Jan. 27 (Xinhua) -- China's ongoing improvements to its social security system will significantly boost domestic consumption and provide fresh impetus for economic growth, according to an economist. Lu Ting, chief China economist at Nomura, emphasized that reforms to the social safety net will improve income expectations for vast segments of the population, including the elderly and migrant workers, thereby raising the mid-to-long-ter......
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WINDHOEK, 26 January 2026 - Education Minister Sanet Steenkamp pictured at NSFAF's 2026 online application system on Monday. (Photo: Contributed)

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