CONSUMPTION

Eight government departments, including the National Development and Reform Commission and the Ministry of Industry and Information Technology, jointly issued a circular (Fa Gai Chan Ye No. 752 [2020]) on 14 May, stating that steps will be taken to further improve the used appliance recycling system and promote the spending on replacement in order to stimulate residents’ consumption potential. More

Shanghai recently introduced 12 measures in a bid to boost consumer confidence and unleash consumer demand. More

The General Office of the Ministry of Commerce and the General Office of the Ministry of Finance issued a joint notice on making good use of special funds for domestic and foreign trade to support efforts to stabilise foreign trade and foreign investment and bolster consumption (Shang Ban Cai Han No. 8 [2020]) on 23 March in a bid to better support epidemic control efforts. More

As part of moves designed to boost tourism across the mainland, local authorities have been given the go-ahead to levy concessionary entrance fees at areas of natural beauty, offer ad hoc visitor incentives in line with changing trading conditions and waive admission fees altogether outside of peak visitor times. More