RT2018.gif

China Daily

News> Nation> Content
Thursday, July 12, 2018, 22:52
China to push for steady, high-quality consumption growth
By Xinhua
Thursday, July 12, 2018, 22:52 By Xinhua

Two young ladies are seen on their way to work in Shanghai's Pudong New Area. (PHOTO PROVIDED TO CHINA DAILY)

BEIJING - China will take measures to ensure continuous, steady and high-quality consumption growth, an official said Thursday.

"Promoting and expanding consumption has always been an important part of our work," Gao Feng, spokesman for the Ministry of Commerce, said at a press conference.

In the next stage, China will promote consumption that brings convenience to rural and urban residents

Last week, a guideline for improving China's consumption stimulation system and stimulating citizens' consumption potential was approved at the third meeting of the central committee for deepening overall reform.

READ MORE: New dynamics reinforce China's high-quality growth

In the next stage, China will promote consumption that brings convenience to rural and urban residents, and increase the supply of medium- and high-end products partly by increasing imports and creating cities with world-class consumption capacity, Gao said.

The country will also improve its supply chain and create a safe and reliable consumption environment, he added.

Consumption is a significant contributor to China's economic growth. Last year, consumption's contribution to GDP growth stood at 58.8 percent. 

ALSO READ: China on track for 'high-quality development' in 2018


Share this story