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China Working On Stabilising Automobile Consumption And Expanding Domestic Demand 

iconApr 23, 2023 11:16
Source:SMM
Tao Qing, head of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will further release potential consumer demand, stimulate the vitality of the consumer market, and focus on stabilising bulk consumption such as automobiles.

Tao Qing, head of the Operation Monitoring and Coordination Bureau of the Ministry of Industry and Information Technology, said that the Ministry of Industry and Information Technology will further release potential consumer demand, stimulate the vitality of the consumer market, and focus on stabilising bulk consumption such as automobiles, work with relevant departments to introduce policies that stabilise automobile consumption, as well as launch a pilot project for full electrification of vehicles in public sector in selected cities.

At the same time, the MIIT will guide local governments to adhere to the principles of fairness and justice when formulating policies to promote consumption, maintain a fair competition order in the market, and continue to improve the overall competitiveness and development quality of China's auto industry.

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