Money - International
China ramps up efforts to boost consumption as virus hurts economy
Friday, 13 Mar 2020 2:39 PM MYT
BEIJING, March 13 — China’s state planner today announced guidelines to boost residents’ property income and improve consumer market supply, in an effort to promote consumption as the coronavirus crisis takes a toll on the economy.
China will reduce import tariffs on consumer goods and encourage regions that have car plate quota restrictions to increase quota, the National Development and Reform Commission said in a statement on its website. — Reuters
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