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  • Beijing Review

    ECONOMY

    Jun 04, 2020 4 minutes

    Consumption Up

    Consumption is on a recovery path in China and further measures are underway to boost consumption upgrade and optimize supplies, Ning Jizhe, Vice Minister of the National Development and Reform Commission, said at a press conference on May 24.

    Earlier data showed China’s retail sales of consumer goods went down 7.5 percent year on year in April, recovering from a drop of 15.8 percent in March.

    “The data showed the trend of expanding consumption and optimizing structure had not changed, and I believe the retail sales data will be better in May,” Ning said.

    As part of efforts to spur consumption recovery, China will further push upgrading of auto consumption and encourage circulation of

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