China Should Raise Incomes to Spur Spending: Times

China should roll out more measures to arrest falling incomes and ensure low consumption doesn't drag down the recovery, the Securities Times reported citing analysts. One-off consumption subsidies to low and middle-income groups in the form of cash or vouchers nationwide is necessary, the Daily said citing Guan Li, director of the Survey and Research Center for China Household Finance, whose research in May predicted a 17.3% reduction in spending this year. More measures to fund private and small companies to retain employment, improve social security and encourage online spending are also needed, the newspaper said.