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Boost Incomes To Secure Consumption Rebound - Expert


China must boost household incomes to ensure the consumption rebound is sustainable, according to Guo Liyan, director of the Comprehensive Situation Research Office of the China Macroeconomic Research Institute. Speaking at a recent forum, Guo said the service industry and consumption had shown positive signs of recovery in Q1, but households need to see rising and stable incomes to facilitate a sustained rebound in spending. The government must support SMEs and construct a unified national market this year, she said. (Source: China Economic Journal)

MNI Beijing Bureau |
MNI Beijing Bureau |

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