Regulator vows fillip to domestic consumption By OUYANG SHIJIA and ZHOU LANXU | China Daily | Updated: 2021-01-20 09:15 Share CLOSE Tourists shop at a duty-free shopping mall in Sanya, South China s Hainan province, on March 12, 2020. [Photo/Xinhua]
Efforts to boost domestic consumption will be intensified this year to spur economic recovery despite the mounting uncertainties, according to the country s top economic regulator.
China will also strive to improve the purchasing power of consumers, improve the consumption environment and create more consumption growth points, said Yan Pengcheng, director of the Department of National Economy at the National Development and Reform Commission.
Yan said the country will remove certain administrative restrictions on consumption and purchases and encourage areas that have restrictions on car purchases to increase the number of licensed vehicles. However, more efforts are need