After Fiona Hu left her small rural hometown at 18 years old, she put in decades of hard work to start her own beauty salon in Guangzhou. But after two years of on-again, off-again business due to the coronavirus pandemic, she is drowning in debt and her dream is turning into a nightmare. "Now, I have nothing but loans," the.
Unlike in the West, where soaring inflation has brewed into a political storm, China’s middle class is more concerned with the ramifications of falling wages that are curbing non-essential spending and depressing the economic outlook. While the United States is battling its highest inflation rate in about four decades, China has seen food prices increase just over 2 per cent.
BEIJING: The central government has introduced policy measures to stabilise foreign trade and help importers and exporters overcome difficulties as part of broader efforts to keep the economy and industrial and supply chains on an even keel.
Economists advised China to adopt a more proactive fiscal policy, increase government spending and take greater steps to bolster consumption, as the economy may encounter strong headwinds during the lingering COVID-19 pandemic.
Additional fiscal moves needed to boost GDP--China Economic Net en.ce.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from en.ce.cn Daily Mail and Mail on Sunday newspapers.