China - the idea of government-issued consumption vouchers are back into the spotlight ...Middle East

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China - the idea of government-issued consumption vouchers are back into the spotlight
China's latest economic data is confirming that the world's second-largest economy continues to struggle. Hitting its 5% growth target may require more drastic measures, fueling expectations for further government intervention. July's data showed:home prices dropping at the fastest rate in nine yearsindustrial output slowingrising unemploymenteven where data beat forecasts, underlying issues persist, such as inflation driven by bad weather and frontloaded chip imports due to looming US tech restrictions Analysts are now speculating that Beijing might be forced to ramp up fiscal support, possibly widening the budget deficit to 4% of GDP (from currently 3%) and even issuing shopping vouchers t

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