China’s State Council (government) said that as the economy reopens following three years of strict restrictions to curb the spread of the new coronavirus, it is necessary to accelerate the recovery of consumption and make it a major driver of the economy. showed recognition. State Central Television (CCTV) reported, citing a meeting presided over by Premier Li Keqiang.
CCTV confirmed that a steady recovery should focus on growth, employment and price stability to keep the economy running within reasonable bounds. Consumption promotion measures should be fully implemented, and consumer credit should be moderately expanded.
Original title:China Vows to Boost Consumption to Power Economic Recovery(excerpt)
