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Consumption Policies Announced - Beijing Local Government

CHINA PRESS

Beijing’s local government will continue energy vehicle subsidies to boost consumption this year, according to Yicai. Authorities will encourage financial firms to supply loans for car purchasing and support the development of the second hand market. China’s capital will prioritise cultural events and brand development, with more funding for activities including China International Fashion Week and the Beijing Film Festival. Local leaders also identified five city blocks for night time economic development. (Source: Yicai)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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