China announces 20 measures to boost consumption -Shanghai Metals Market

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China announces 20 measures to boost consumption 

Industry News 10:30:56AM Aug 28, 2019 Source:SMM

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.

Key Words:  Market commentary 

China announces 20 measures to boost consumption 

Industry News 10:30:56AM Aug 28, 2019 Source:SMM

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.

Key Words:  Market commentary