Beijing bets on rice cookers and microwaves to boost economy

The Chinese government has expanded the list of products that people can sell to reduce up to 20% on new goods like the country. he strives to promote his famous wealth.

The range now includes items such as microwave ovens, dishwashers, rice cookers and dishwashers.

Government-controlled commercial policies already include televisions, smartphones, tablets and smart watches as well as electric and hybrid cars.

The world’s second-largest economy has been on a collision course several problemsincluding a weak consumer base and a severe supply crisis.

On Wednesday, officials said 81 billion yuan ($8.9bn; $11bn) had been earmarked this year for consumer spending.

China’s financial watchdog said the measures, which were introduced in March, have already produced “significant results”.

According to the country’s commerce ministry, these policies have boosted sales of big-ticket items such as home appliances and cars.

But some economists question whether these measures will be enough to increase consumer spending.

“The strategy has been successful so far,” said Harry Murphy Cruise, head of China economics at Moody’s Analytics.

“While it helped sell some listed products, such as cars and electronics, it didn’t help generate much revenue.”

In recent months, China has been moving forward with measures to support its domestic economy as exporters face growing problems.

In December, a summit of Chinese leaders stressed the need for “stronger” measures to encourage consumer spending.

This comes as President-elect Donald Trump, who is due to return to the White House this month, threatened to impose a 60% tax. on products made in China.

China is due to announce economic growth for 2024 next week, which Beijing has said it expects will be around 5%.