China Boosts Consumption, Stabilizes Stock Market

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CNBC

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Business

Business & Economics

China announces plan to 'vigorously boost consumption' in bid to shore up economy

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China announced a "Special Action Plan to Boost Consumption" on Sunday .

The wide-ranging release also outlined other steps, such as taking "multiple measures" to stabilize the stock market and developing more bond products suitable for individual investors.

China is currently facing a sluggish consumer landscape, with the most recent CPI in February registering its steepest fall in over a year .

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