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China to further stabilize consumption expectations: MOC

July 01, 2020


Abstract : China will beef up efforts to stabilize consumption expectations and boost consumer confidence, the country's commerce ministry said on Tuesday.

BEIJING, July 1 (Xinhua) -- China will beef up efforts to further stabilize consumption expectations and boost consumer confidence, the country's commerce ministry said on Tuesday.

China's consumer market has overcome the adverse effect of the coronavirus pandemic and achieved a rapid recovery since the beginning of this year, illustrating that China's consumer market has great growth potential and strong resilience, Li Danghui, an official with the Ministry of Commerce, said at a press conference.

According to Li, sales of export products at home will further enrich the country's market supply and promote the updating of the consumption market.

In the future, the MOC will work to facilitate the implementation of policy measures to speed up the recovery of domestic consumer market in an attempt to further push forward the development of China's economy.

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

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