China aims to boost consumption and imports as global demand cools

China aims to boost consumption and imports as global demand cools

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At a meeting chaired by Premier Li Keqiang, China’s State Council – which acts as the cabinet – also called for accelerating the rollout of foreign investment projects, maintaining a stable yuan, easing cross-border travel and allowing companies Participating in domestic and foreign vowed to help. trade shows.

The cabinet also reaffirmed its support for the private sector and the digital platform economy, which has been battered by a series of regulatory actions in recent years.

It also discussed measures to support farmers to start spring planting, including subsidies for soybean sowing, CCTV reported.

The tax authority said on Saturday that during the week-long Lunar New Year holiday, which ended on Friday, consumption increased by 12.2% compared with the same period last year, amid some of the world’s strictest COVID- 19 shows a rebound after the easing of restrictions.

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