China to boost consumption to shore up economy | 2019-01-20

China to boost consumption to shore up economy

19th January, 2019 10:05:10 printer

BEIJING: Chinese authorities on Friday pledged an array of measures to boost consumption as part of the efforts to support the economy. "Optimizing market supply and increasing consumption are playing a greater role in effectively coping with downward pressure on the economy and maintaining stable growth," said a statement released after a teleconference held by the National Development and Reform Commission, the Ministry of Commerce, and the State Administration for Market Regulation, reports Xinhua.

"The Chinese economy is operating steadily in general, but there are changes and worrisome developments, with a complicated and severe external environment and increased uncertainties," said the statement.