Erica Tay, an economist at Maybank Securities Singapore, highlights that recent initiatives announced at the National People’s Congress could significantly bolster consumer confidence in China. The new policies aim to support gig workers, a vital segment of the economy often plagued by job insecurity. By providing protections for individuals with unpredictable incomes, these measures are expected to encourage spending and drive economic growth. The commitment to improving the livelihoods of gig workers signals a positive shift in economic policy that may enhance market stability and consumer sentiment in the long term.