China lays out plans to raise incomes, boost consumption

CHINA WILL TAKE steps to revive consumption by boosting people's incomes, according to the official Xinhua News Agency, as part of a plan that adds to recent pledges by the government to support demand in an economy threatened by Donald Trump's tariffs.

- BLOOMBERG

The guidelines that came from a State Council report set out other measures such as stabilising the stock and real estate markets, and offering incentives to raise the country's birth rate. Investors await further clues from top officials during a press conference set to be held 3 pm Monday on steps to boost consumption.