China recently doubled subsidies for a consumer trade-in program to 300 billion yuan, aimed at boosting consumption without resorting to cash handouts. The subsidies, covering 15% to 20% of select product purchases like smartphones and appliances, are expected to support retail sales and align with China’s 5% GDP growth target and focus on consumption over infrastructure spending. While some doubt the long-term impact of one-time subsidies, further programs are anticipated as Beijing looks to stimulate growth through consumer spending.
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Two arrested after ‘hardworking peacemaker’ stabbed to death outside prayer centre
Two men, aged 27 and 37, have been arrested on suspicion of murder following the stabbing of 22-year-old Dara Sayed Barham outside a Muslim prayer center in west London while he attempted to break up a fight. Despite efforts from paramedics and locals to save him, he succumbed to his injuries, prompting police to reassure the community that there is no known link between the incident and the prayer center. Need More Context? 🔎
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