China plans to introduce more policies this year to boost spending on items such as automobiles and home appliances, as part of wider efforts to strenghten domestic consumption in the world's second largest economy, said a senior state planning official on Tuesday.
Ning Jizhe, vice chairman of National Development and Reform Commission (NDRC), the country’s top economic planner, said in an interview with state television CCTV that building a strong domestic consumption market is important in maintaining China’s economic growth within a reasonable range.
The NDRC will take measures to boost spending on automobiles, home appliance and . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In