chinese economy: 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, according to Global Times China. The meeting vowed to encourage the consumption of automobiles and electrical home appliances according to local situations, providing greater policy support where conditions permit, to meet people's demand for green, smart automobiles and home appliances. 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. Rural consumption will see its quality improved and capacity expanded, with measures to support the sale of high-quality industrial products in the countryside, according to the statement. The environment for consumption will be improved, with better infrastructure and stronger protection of consumer rights, and innovations in the retail sector will be encouraged. The supply of high-quality products and services will be increased, and residents' spending power will be strengthened with measures such as special individual income tax deductions.
(news.financializer.com). As
reported in the news.
Tagged under chinese economy, home appliances topics.