China pledges moves to prop up consumption recovery



China is planning to take more actions to invigorate consumption recovery, an official with the country’s top economic planner said.

China’s consumer market got off to a good start in the first quarter of the year (Q1), laying a solid foundation for the whole year’s consumption recovery and expansion, Meng Wei, spokesperson for the National Development and Reform Commission, told a press conference.

China is drawing up related documents with a focus on stabilizing bulk consumption, improving services consumption, and expanding consumption in rural areas to bolster the recovery trend, Meng said.—Xinhua