China Weekly: Still wary of welfare spending, an empty deal

It's now nearly a year since China's leadership promised to "vigorously boost consumption" and the government this week released another policy document pledging more support for households. These promises are falling flat: the latest document contains no new policies or funding to support consumption. Meanwhile, the few details that have emerged since Tuesday suggest that the US and China delegations left London without having agreed exactly what their "framework" to implement the contested Geneva agreement consists of.