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China to Further Stimulate Domestic Consumption

12 May 2020



On 24 April, the Ministry of Commerce issued its guiding opinions on making co-ordinated effort to advance key tasks in promoting domestic consumption. The following are some of these tasks:

  • Promote resumption of work and commercial activities: In cities and counties of low-risk regions, efforts will be made to promote the full resumption of normal operation in all kinds of shopping malls and markets and domestic services.
  • Solve problems facing work resumption: “One-stop service platforms” involving multiple departments will be established to help resolve problems such as shortage of working capital and high rent facing businesses and promote the co-ordinated resumption of work in upstream and downstream industries, production, supply and marketing entities and large, medium-sized and small enterprises.
  • Improve networks for the convenient consumption of daily necessities: Improvements are to be made to the layout of convenience stores and wet markets, and “15-minute living circles” will be created through the development of convenience store chains.
  • Enhance the impact of tax exemption and refund policies: The establishment of stores offering instant tax refund to departing travellers will be encouraged.
  • Boost the consumption of automobiles: Measures such as offering subsidies and preferential tax policies for the purchase of new-energy vehicles and reducing value-added tax on the sale of used vehicles will be extended.
  • Promote the consumption of home appliances: Where conditions permit, policies combining incentives with subsidies will be adopted in the light of actual conditions for the replacement and upgrade of home appliances.

Source: Ministry of Commerce

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    Topics:
  • Mainland China,
  • epidemic,
  • consumption,
  • automobiles,
  • home appliances
  • Mainland China
  • Mainland China
  • Mainland China
  • Mainland China
  • Mainland China
  • Mainland China
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Article Topics

ARTICLE TOPICS

MAINLAND CHINA35607
EPIDEMIC140799
CONSUMPTION80891
AUTOMOBILES81093
HOME APPLIANCES72483

ARTICLE TOPICS

MAINLAND CHINA35607
EPIDEMIC140799
CONSUMPTION80891
AUTOMOBILES81093
HOME APPLIANCES72483

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