China issues new plan to boost consumption by creating a healthier market environment

Quick Summary:

Beijing plans to encourage consumers to open their wallets by eliminating scams, price gouging and shoddy goods.

Key measures in the latest plan include raising quality standards in industries such as automobiles, home appliances and food, while supporting the development of domestically made jewellery, leather goods and other consumer products.

The 19-point plan, jointly issued by five government bodies, aims to create a healthier “consumption environment” that will boost confidence and encourage consumers to open their wallets.

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Article Details

Author / Journalist: Mia Nulimaimaiti

Category: Business

Markets: Hong KongChinaUnited States

Topics: Plan Aims Issues Goods Consumers Consumer Spending Consumption Boost Other Economic

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 11:31:05 (1 days ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 207 words

Reading Time: 2 minutes read

Sentences: 5 lines

Sentence Length: 42 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 26283885

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