China steps up fiscal support to boost consumption: official

NAMPA / Xinhua
2026-08-21
BEIJING, Aug. 21 (Xinhua) -- China's Ministry of Finance has strengthened fiscal support for consumption as part of the country's efforts to expand domestic demand and unlock consumption potential, an official said Friday. So far this year, the ministry has allocated 187.5 billion yuan (about 27.65 billion U.S. dollars) to support consumer goods trade-in programs, helping generate 178 million purchases with a combined sales of approximately 1.......
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