China Consumption Sees Steady Gains: Journal

China's consumption should continue to rise in the 2nd quarter as more pandemic restrictions over services are loosened and travel rebounds, while prices of raw materials and demand for electronics and cars are all rising, the China Securities Journal said citing Li Zhan, Chief economist of Zhongshan Securities. Rising wages and salaries and export demand also supported consumption, the newspaper said citing Fu Yifu, director of the Suning Financial Research Institute. Government promotion of international trade and expanding rural ecommerce also helped lift consumption, said the Journal.