China to create new consumption scenarios to tap consumer demand


Pedestrians along the Yangtze River in Chongqing, China on Thursday, May 2, 2024. - Photographer: Raul Ariano/Bloomberg

BEIJING: China is moving to foster new consumption scenarios in multiple sectors, including tourism, automobiles and electronics, aiming to boost consumer demand and promote the steady growth of consumption.

According to the National Development and Reform Commission, the country's top economic planner, China will expand its visa-free transit policy, loosen vehicle purchase restrictions and spur intelligent, AI-powered electronics consumption.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
China , consumption , AI , tourism , GDP

Next In Business News

TNB’s LNG move boosts long-term growth outlook
Tanjung Embang set to become Sarawak green growth hub
Pekat’s prospects brighten on solar job
Malaysia’s growth paradox
Altice France sells SFR in US$23bil deal
Jakarta’s commodities reality check
Bulls seek protection in world’s hottest market
MISC’s�carbon capture and storage push deepens with new charter deal
High fuel costs set to trigger airline consolidation
China starts prefabricated power hub for data centres

Others Also Read