China's new consumer spending plan: No more scams, no more shoddy goods

Q: How long will it take to read this news story?

The story "China&#039;s new consumer spending plan: No more scams, no more shoddy goods" has 800 words across 38 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "China&#039;s new consumer spending plan: No more scams, no more shoddy goods" was covered 2 days ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 153 news stories per day. It's most recent story was published 6 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26292936</li><li>URL: https://chronographically.beamstart.com/news/chinas-new-consumer-spending-plan-17400545554329</li></ul>

Business Standard Logo Business Standard 2d ago

China's new consumer spending plan: No more scams, no more shoddy goods - Business Standard

Quick Summary:

In 2015, knockoffs in the fast-moving consumer goods (FMCG) sector alone caused losses to the Indian government of nearly $880 million, with almost 22 per cent of the packaged goods industry affected.

Beijing has pledged to further integrate private firms into key national projects, particularly in large-scale equipment upgrades and trade-in programmes for consumer goods.

He noted that Beijing is working toward a more unified national market, with key initiatives focusing on antitrust enforcement, better credit systems, stronger intellectual property protection, and tighter regulation of digital platforms, the news report mentioned.