To increase China’s consumption, boost the nation’s social safety net, IMF director says

The International Monetary Fund's Asia-Pacific chief, Krishna Srinivasan, has suggested that China increase its spending on social safety nets to boost consumption. This means the government would need to invest more in programs like pensions and rural healthcare. If implemented, this could give households greater confidence to spend rather than save, which in turn could have a positive impact on the economy.

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China's regulator is signalling easier capital access and stronger market confidence. That could lift investor sentiment and pull in foreign capital.

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