Policies in store to lift consumption, investment

China's National Development and Reform Commission will “promptly formulate and introduce policies to restore and expand consumption”. — China Daily

BEIJING: China’s top economic regulator has pledged to roll out policies that would spur consumption and increase effective investment, as part of a package of measures to revive the economy amid the still-weak demand and a gloomy global outlook.

Jin Xiandong, director of the National Development and Reform Commission’s (NDRC) Office of Policy Studies, said at a news conference in Beijing that the NDRC will “promptly formulate and introduce policies to restore and expand consumption”.