Caixin
Jan 30, 2019 07:53 PM
ECONOMY

China Announces New Measures to Support Consumption

Lexus cars on sale at a mall in Zhengzhou, Central China's Henan province on Nov. 4, 2017. Photo: VCG
Lexus cars on sale at a mall in Zhengzhou, Central China's Henan province on Nov. 4, 2017. Photo: VCG

* The country’s top economic planner released measures to boost consumption, specifically targeting cars, cutting-edge wireless technology and home appliances

* Though key details about these measures are currently unclear, analysts say they are likely to be weaker than stimulus issued to prop up consumption in the wake of the global financial crisis

(Beijing) — China has released measures to support sales of products such as cars, 5G technology and home appliances, amid slowing economic growth and subdued external demand during a trade war with the U.S.

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