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China steps up efforts to boost consumption
Many regional authorities in China have recently released new measures to bolster consumption and stimulate the Chinese market's vitality, reported Economic Information Daily Thursday.
Consumption a greater driver for Chinese economy in 2021
Private consumption could emerge as a greater driver of the Chinese economy in 2021 with the release of increased precautionary savings and a full recovery of the job market, according to a research report from Morgan Stanley.
China adopts new steps to bolster consumption, facilitate Internet Plus Tourism
China will introduce new measures in boosting consumption in commodities and key sectors, and tapping rural consumption potential, according to the State Council, or the cabinet.
Young Chinese people show increased interest in health-related consumption
Young people in China have shown increased interest in consuming health-related goods and services, according to AliHealth, the healthcare flagship of Alibaba Group.
Singles' Day shopping festival boosts new consumption business, model
The Singles' Day shopping festival in China this year has seen multiple new consumption scenarios and models which show the great potential and resilience, and strong vitality of the Chinese economy, reported Economic Daily Wednesday.
China gold output, consumption drop in first nine months
China produced 262.93 tonnes of gold in the first nine months of this year, a decrease of 12.42 tonnes or 4.51 percent compared to the same period of last year, industry data showed Tuesday.
China set for consumption rebound, broader recovery as coronavirus restrictions eased: UK media
As coronavirus restrictions eased, China is expected to see further rebound of consumption and broader economic recovery, British media reported Monday.
China's consumption market to maintain stable growth in Q4, MOC
China's consumption market is expected to maintain a stable growth in the fourth quarter of the year, a Ministry of Commerce (MOC) official said on Wednesday.
Development pattern aims to boost demand
"Dual circulation", China's new development pattern, will help expand domestic demand and improve productivity based on creative reforms, experts said at a seminar organized by the China Center for International Economic Exchanges, a national-level think tank.
Economic Watch: New consumption trends shine in China's Golden Week holiday
China has seen new consumption patterns during the eight-day Golden Week holiday as pent-up demand unleashed amid effective containment of the COVID-19 epidemic.
Biz China Weekly: Golden week consumption, tax, fee cuts, forex reserves
The following are the highlights of China's business news from the past week:
China Focus: Hainan sees tourism, consumption boom during holiday
China's resort island Hainan has been a hit during the National Day holiday by recording a double-digit rise in tourism revenue. The province posted more than 4.5 million visitor arrivals during the first seven days of October, up by 9.3 percent compared with the same period last year.
China's consumer market sees strong recovery during Golden Week holiday
China's consumer market saw a strong recovering momentum during the eight-day holiday that ended Thursday, data from the country's top tax authority showed Friday.
China's new business forms to empower consumption
China will further vitalize consumption with new business forms as innovative driving forces, officials said.
China to further support new business forms and models, boost new types of consumption
China will take policy steps to boost new types of consumption by supporting new business forms and models, with a view to promoting economic recovery. The meeting also outlined plans to advance medical education in an innovative way to build a talent pool for protecting people's health.
Shopping boosted after Hainan raises duty-free shopping quotas
Offshore duty-free shopping in Hainan soared to 5.58 billion yuan ($816 million) in the two months from July to August, increasing 221.9 percent year-on-year, with cosmetics becoming the best seller in both sales volume and transactions, Haikou Customs District of China said on Tuesday.
NE. China's Liaoning to launch 20 kinds of activities in promoting domestic consumption
Local authorities in northeast China's Liaoning Province announced to launch 20 kinds of consumption activities, promoting local consumption and digging its consumption potential, reported Liaoning Daily Tuesday.
Shanghai to further tap potential of consumer market
Shanghai is planning more pro-consumption campaigns in the coming months to further boost market vitality as consumer demand, held back by the COVID-19 epidemic, rebounds.
NW. China Xinjiang unveils 16 measures to boost consumption
The local authority in northwest China's Xinjiang Uygur Autonomous Region recently unveils 16 measures aiming to create a sound consumption mechanism, reported local newspaper Xinjiang Daily Wednesday.
China likely to see faster economic recovery in H2 of 2020, institutions
China's economy is likely to revive in the second half of this year, with growth rate expected to return to the pre-epidemic level, according to the economic forecast released by institutions recently.
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