News Snapshot:
China will introduce new measures to boost consumption in commodities and key sectors, and tap rural consumption potential. Greater support will be provided for the growth of Internet Plus tourism, to cater to people’s demands in consumption upgrading. The State Council's executive meeting chaired by Premier Li Keqiang made the decisions on Nov 18. Figures from the Ministry of Commerce show that in 2019, retail sales in automobiles, home appliances, furniture, construction materials and catering sectors accounted for some 25 percent of the total in China, and retail sales in rural areas accounted for 14.7 percent of the total. In...
