China to further support new business forms and models, boost new types of consumption


  • World
  • Thursday, 10 Sep 2020

BEIJING, Sept. 9 (Xinhua) -- 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.

Consumption, as a key engine for growth, has been significantly affected by COVID-19 this year and become a drag on economic recovery. However, new forms and models of business based on the internet and digital technologies have generated rapid growth in new types of consumption despite the overall downward trend and demonstrated enormous potential.

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