Posted inBeijing, Covid-19, Economy

Beijing urged to help boost consumption by poor

China’s middle class continues to swell: the National Statistics Bureau (NSB) says the country’s “middle-income bracket” now includes at least 400 million residents. Therefore, Beijing should, said the NSB, pin more hope on their sheer consumption power to help the nation spend its way out of the lingering malaise from Covid-19. NSB spokesperson Fu Linghui […]