China sees stimulating domestic consumption as top priority

Note: This section contains information in English only.
Source: China.org.cn

Lifting of the China's domestic demand will be of critical importance for the government this year, said Chen Deming, Commerce Minister. Despite global downturn, China's economic expansion sees favourable conditions for boosting domestic consumption, he added. Recently, the government announced tax rebates and subsidies for purchases of appliances and vehicles and analysts expect officials to design more policies for consumption increase.

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