Leaders commit to raising China’s deficit, do more to encourage consumer spending
China's economy has underperformed the government's 5% growth target for 2024
Manufacturers to get 20% made-in-China price advantage in sales to the Chinese government
A National Bureau of Statistics survey marked a fifth straight month of contraction
The measures are meant to counter a prolonged downturn in China’s property market
Imports also climb as trade with other Asian countries improves
Chinese markets have not shown much enthusiasm for the policies outlined in recent weeks
It's the biggest rate cut since the country was slammed by the Covid-19 pandemic in 2020
The country released a 50-page roadmap and cut key interest rates Monday
Weak consumer demand, reduced gov't spending are dragging on growth in China: economists