The Chinese Ministry of Commerce (MOC) said at a press conference in Beijing on Friday that it will promote the high-quality development of consumption with various favorable measures in the second half of the year.
Xu Xingfeng, director of the Department of Market Operation and Consumption Promotion under the MOC, said in the second half of the year, China will closely follow the needs of the people and launch a series of high-quality activities to continue promoting the development of new energy vehicles, smart home appliances, green building materials in rural areas, with special focus on rural economy, silver economy, festival economy, and AI economy in the overall national consumption.
The ministry will also promote the issuance of comprehensive documents to boost high-quality development of service consumption, push for the orderly expansion of opening up in the fields of telecommunications, Internet, education, culture, and medical care, support consumption in cultural tourism, elderly care, childcare, and housekeeping, and meet the needs of residents for service consumption, Xu said.
"We will encourage companies to launch new products, open their first stores, and hold their first shows and exhibitions. We will accelerate the cultivation of international consumer center cities, use them as a pilot to reduce restrictive measures on consumption, continuously improve the rural circulation system, and further unleash the rural consumption potential," said Xu.
Xu also said the ministry will roll out multiple measures to press for the replacement of home appliances and vehicles to further stimulate consumption.
Meanwhile, the ministry will also implement measures to promote sales of used cars, online car deregistration and reverse invoicing by recycling companies, and continue to improve the recycling system of renewable resources to make it more convenient for consumers to deal with waste materials, said Xu.
The ministry will also work to foster a better market environment by organizing comprehensive inspections on the replacement operations and open up complaint channels, said Xu.
"We will further optimize the subsidy review and fund allocation and distribution, speed up the review and improve the service quality, smoothen the last procedure of subsidy application, and strive to shorten the time for consumers to receive subsidy funds from the time they submit an application," said Xu.
China to promote consumption with favorable measures: MOC official
