China will take steps to further........>

CHINA PRESS: China will take steps to further boost domestic consumption in

2018, the Economic Information Daily reported Tuesday, citing Zheng Wen, an

official at the Ministry of Commerce. The MOFCOM will create commercial areas in

a number of medium-sized and large cities, including 100 commercial areas and 20

commercial streets anchored by brands with long histories and good reputations,

to stimulate consumption, Zheng told the newspaper. Chen Guokai, head of market

operation bureau at MOFCOM, said  China will nurture several "consumption

cities" where large consumption potential can be released. In addition, more

tax-free consumption policies could be implemented. Under this consumption

upgrade action plan, which could be implemented in the first half of 2018, the

government will support consumption of medium- to high-quality products and

promote "green consumption" -- adopting green technology, using environment-safe

packing and promoting recycling, the ministry said. (Economic Information Daily)