Some say the time has come for China to consider cash handouts to boost consumption and stimulate the economy. Photo: Xinhua
China urged to give cash handouts, as its economy and most vulnerable citizens are desperate for a lifeline
- Zero-Covid strategy is increasingly punishing China’s economy, with no end in sight, and many consumers are hoarding what little savings they have
- China has resisted doling out the type of ‘extraordinary’ stimulus payments seen in United States and Europe, but some economists say this must change
Some say the time has come for China to consider cash handouts to boost consumption and stimulate the economy. Photo: Xinhua