China’s State Council issues measures to expand consumption

China’s State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full
play to the “fundamental role” of consumption in economic development.
The State Council said in a document the government will improve the infrastructure for charging to promote more purchases of new energy vehicles, support housing demand by expanding the supply of affordable rental housing and encourage tourism by asking local governments to cut admission fees at scenic areas or even make them free during low periods.
In an interview with state broadcaster CCTV published on Monday, unnamed officials from the National Development and Reform Commission said it will take the summer, Mid-Autumn and National Day holidays as an opportunity to expand holiday consumption.