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China unveils new measures to boost consumption, automobile consumption in focus

Chinese government announced a package of new measures on Tuesday to drive consumption in the world's second largest economy which is hit by slowing domestic demand and protracted trade tensions with the United States.

Ten government departments led by the National Development and Reform Commission (NDRC), the country's top economic planner, unveiled a package of 24 measures to help drive “stable growth of consumption” in 2019, including boosting sales of cars and home appliance, increasing consumption in rural areas and strengthening consumer protections.

"The slowdown in auto sales was the main contributor to the consumption slowdown last year . . .

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