BEIJING : China is formulating plans to boost the recovery and expansion of consumption, the state planner's spokesperson Meng Wei said on Wednesday, signaling officials are worried about weak demand despite a sharp rebound in retail sales. China's economy grew at a faster-than-expected pace in the first
BEIJING : China is formulating plans to boost the recovery and expansion of consumption, the state planner's spokesperson Meng Wei said on Wednesday, signaling officials are worried about weak demand despite a sharp rebound in retail sales.
The National Development and Reform Commission pledged to promote a sustained recovery in consumption. Meng, at a news conference, also mentioned stabilising of automobile consumption, which was a"big part" of supporting consumption, by promoting new energy vehicles to rural areas.
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