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MNI BRIEF: China Consumption To Recover With Further Stimulus

MNI (Singapore)
(MNI) Beijing
True

Consumption in China will continue to recover as the impact of the epidemic gradually eases and policies to boost spending kick in, Gao Feng, spokesman of the Ministry of Commerce said at a briefing Thursday.

Local governments should introduce targeted measures to promote consumption, in tandem with epidemic prevention measures, Gao said. The ministry will encourage spending on big-ticket items such as automobiles and home appliances, especially in rural areas, he added.

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Consumption in China will continue to recover as the impact of the epidemic gradually eases and policies to boost spending kick in, Gao Feng, spokesman of the Ministry of Commerce said at a briefing Thursday.

Local governments should introduce targeted measures to promote consumption, in tandem with epidemic prevention measures, Gao said. The ministry will encourage spending on big-ticket items such as automobiles and home appliances, especially in rural areas, he added.

Keep reading...Show less