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MNI China Press Digest Feb 12: Consumers, Autos, FDI

MNI picks keys stories from today's China press
Central Bank NewsPolicy NewsPBOCHomepageAPACChinaEM Policy NewsChinaEM Central Bank NewsPeoples Bank of ChinaPolicy StoryStoryRegion
MNI (BEIJING)

Highlights from Chinese press reports on Wednesday:

  • China’s consumer market will grow steadily in Q1 as the government expands trade-in schemes and promotional activities, according to experts interviewed by Yicai, following the State Council's Executive Meeting which focused on boosting residents' income. Guangkai Chief Industry Research Institute predicts retail sales of consumer goods will increase by 5.5% in 2025, with macroeconomic policies prioritising the expansion of domestic demand. Wang Peng, researcher at the Beijing Academy of Social Sciences, said China’s new consumption model will rely on emerging technologies such as 5G, artificial intelligence, and big data to develop personalised consumption experiences applicable to smart homes, wearable technology products, internet medical services, smart cars and e-commerce platforms.
  • China’s auto market is expected to recover gradually during February, following January's negative growth, 21st Century Business Herald reported, citing the China Passenger Car Association (CPCA). The national passenger car market retailed 1.8 million vehicles last month, down 12.1% y/y or 31.9% m/m, marking the third lowest level in the past decade over the same period, CPCA data showed. The Spring Festival had reduced purchase time by four days with many buyers completing transactions before the holiday, according to CPCA.
  • Authorities want to increase foreign investment in advanced manufacturing, finance, telecommunications, medical care, education and creative arts sectors, said Song Siyuan, researcher at the Ministry of Commerce, following the recent State Council's Executive Meeting which focused on boosting FDI. Song said officials want to make foreign-invested enterprises feel assured and confident about China by improving the business environment.
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MNI (BEIJING)

Highlights from Chinese press reports on Wednesday:

  • China’s consumer market will grow steadily in Q1 as the government expands trade-in schemes and promotional activities, according to experts interviewed by Yicai, following the State Council's Executive Meeting which focused on boosting residents' income. Guangkai Chief Industry Research Institute predicts retail sales of consumer goods will increase by 5.5% in 2025, with macroeconomic policies prioritising the expansion of domestic demand. Wang Peng, researcher at the Beijing Academy of Social Sciences, said China’s new consumption model will rely on emerging technologies such as 5G, artificial intelligence, and big data to develop personalised consumption experiences applicable to smart homes, wearable technology products, internet medical services, smart cars and e-commerce platforms.
  • China’s auto market is expected to recover gradually during February, following January's negative growth, 21st Century Business Herald reported, citing the China Passenger Car Association (CPCA). The national passenger car market retailed 1.8 million vehicles last month, down 12.1% y/y or 31.9% m/m, marking the third lowest level in the past decade over the same period, CPCA data showed. The Spring Festival had reduced purchase time by four days with many buyers completing transactions before the holiday, according to CPCA.
  • Authorities want to increase foreign investment in advanced manufacturing, finance, telecommunications, medical care, education and creative arts sectors, said Song Siyuan, researcher at the Ministry of Commerce, following the recent State Council's Executive Meeting which focused on boosting FDI. Song said officials want to make foreign-invested enterprises feel assured and confident about China by improving the business environment.