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China To Promote Consumption Upgrades

MNI (Singapore)

China should promote large-scale equipment upgrades and replacement of consumer goods to expand domestic demand, said Zhang Yongjun, economist at the China Center for International Economic Exchange. China should boost consumption of new energy vehicles, green building materials and smart home appliances, especially in rural areas. It is necessary to create conditions for consumption upgrades, such as building more charging piles for electric cars in small cities, towns and the countryside. (Source: 21st Century Business Herald)

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