China announces 20 measures to boost consumption

Published: Aug 28, 2019 10:30

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The car, electronic markets, e-commerce, as well as infrastructure projects are targeted

SHANGHAI, Aug 28 (SMM) – China's central government has stepped up efforts to boost domestic demand and support the economy as it announced on Tuesday August 27 a slew of stimulus measures targeting the car, electronic markets, e-commerce, as well as infrastructure projects.

According to the Opinions on Accelerating Circulation and Promoting Commercial Consumption that outlined 20 measures, local government should relax of lift restrictions on car purchases and encourage people to buy new energy vehicles.

Efforts should also be made to promote the recycling of used electronic products, support the transition of traditional department stores into commercial complexes, and improve infrastructure of commercial streets, the guideline said.

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