Communist party aims to ‘promote reasonable wage growth’ and to reduce financial burdens amid Trump tariffs
Business live – latest updates
China’s government has announced ambitious plans to “vigorously boost consumption” by putting up pay and reducing financial burdens, in its latest attempt to increase consumer confidence and lift its struggling economy.
The plans, announced by the ruling Chinese Communist party’s (CCP) central committee and state council on Sunday, include aims to “promote reasonable wage growth” and to improve the mechanisms for adjusting the minimum wage.
More Stories
Carney and Macron present united front in face of Trump trade war
Elon Musk faces week of harsh setbacks amid Tesla selloff and Doge backlash
‘Tesla is a good target’: Elon Musk’s car business is focus of fury for political role