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NDRC To Boost Consumption

MNI (Singapore)

The Nation Development and Reform Commission issued measures to restore and expand consumption in the automobile, real estate and services sector. Local governments are not allowed to add new restrictions on car purchases but can lower the threshold according to local conditions. Local authorities should support the replacement of home appliances, spending on wearable devices and smart products. Extending the operating hours of restaurants and increasing the supply of entertainment, such as art festivals and sports events, are also included. (Source: 21st Century Business Herald)

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