China is taking steps to combat deflation by boosting people’s incomes and stimulating consumption. According to a statement from the State Council, the country will stabilize the stock and real estate markets while offering incentives to increase its birth rate. These measures aim to ease inflationary pressures on the economy.
Source: https://www.bloomberg.com/news/articles/2025-03-16/china-maps-out-plan-to-raise-incomes-and-boost-consumption