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China issues plan to boost household consumption

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China's State Council released directives to boost household consumption including sectors like child and elder care, and food and beverage. Authoriti

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China’s State Council released directives to boost household consumption including sectors like child and elder care, and food and beverage. Authorities are urged to increase eldercare services and childcare development, alongside income tax reductions for caring for children and seniors. Financial support for small service businesses and promotion of food-themed festivals also featured in the plan.

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