China’s State Council Takes Additional Steps to Promote Consumption Potential

China's State Council has proposed new efforts to promote consumer potential and assure a long-term recovery, according to CN Wire.

April 26, 2022 - 10:11 AM 385 views

China’s State Council Takes Additional Steps to Promote Consumption Potential

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China's State Council has proposed new efforts to promote consumer potential and assure a long-term recovery, according to CN Wire.

The additional steps that include:

They will guide the financial system to lower the interest rates and reduce the fees that can support the real economy via various measures.

The regions that have implemented automobile purchase restrictions in certain regions can gradually increase the number of automobile quota increments and remove qualification restrictions for car buyers.

utilization of current financial resources to support the construction of consumption- related infrastructure. In order to boost consumption in a better way, they will include the eligible products in the scope of the local government special bonds.

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