China commerce ministry rebuffs that it will ramp up efforts to bolster consumption

• Will step up efforts to expand imports
• To also expand services consumption
• Will increase implementation of inclusive policies that directly reach households/consumers
• To eliminate restrictive measures and promote renewal consumption of home appliances

It’s all about trying to revive domestic demand conditions in China and it comes with trying to promote a better environment for consumers in general. The social aspect is also just as important and that is what president Xi’s goal of common prosperity is trying to achieve. Although, that is one that hasn’t quite been talked about that much this year.

This article was written by Justin Low at investinglive.com.