China’s minister of commerce has issued firm declarations of support for initiatives designed to boost economic activity, and against efforts to move investment elsewhere.
After a slew of promises made by the Chinese government to the country’s private businesses, growth and recovery have been weaker than expected – and experts are saying the solution to industry uncertainty is bold, consistent action in the sector’s favour.
The southern export city of Dongguan is offering firms hundreds of thousands of yuan to maintain production during the Lunar New Year holiday, typically a time of low economic activity.
Changing the residential status of urban migrants in China could free up incomes for consumption through access to better public services – but it remains an open question whether such a change is feasible.