May 31, 2024 03:42 GMT
MNI BRIEF: China Utility Prices Should Be Reasonable
MNI (BEIJING)
China should adjust public utilities prices only in a reasonable manner and take consumer rights seriously, the China Consumers Association said on Friday.
Given the recent debate on overcharging utility bills, the group said authorities should especially consider low-income groups and fully demonstrate the necessity for price increases.
China’s Ministry of Commerce's large-scale consumer goods trade-in programme alongside related fiscal and credit support will generate over CNY1 trillion of domestic demand by boosting automobile and household goods consumption, a high-ranking official recently told MNI. (See MNI INTERVIEW: China Trade-ins To Boost Consumption - MOFCOM's Xu)
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