China is trying to make its gloomy consumers spend more

China is trying to make its gloomy consumers spend more https://ift.tt/2FxLoP5 has detailed a series of measures aimed at boosting consumer spending, including subsidies for drivers who trade in older cars for newer models and for rural households who purchase home insulation and renovation materials. The announcement comes as attempts to juice the country's economy have taken on greater urgency following stalling recovery and a lack of consumer confidence.