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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Southwest Airlines Baggage Change: Which Airlines Charge for Checked Bags?
Southwest Airlines is ending its free checked baggage policy starting May 28, except for A-List Preferred members and Business Select ticket holders. The airline aims to increase revenue and attract new customers by implementing baggage fees aligned with industry norms. Baggage fees have become a significant revenue source for airlines, with competitors like American, Delta, and United earning billions from checked baggage charges. Full Article
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