China supports domestic consumption and imports at a time when global demand is slowing down
China supports domestic consumption and imports at a time when global demand is slowing down The Chinese authorities announced on Saturday, January 28, that in today’s environment, when global demand is weakening, stimulating consumption and encouraging imports will be seen as the driving force of the economy.
In this context, the authorities are striving to speed up the process of introducing foreign investment projects, maintain a stable value of the yuan, facilitate cross-border travel, and participate in domestic and international commercial activities. In addition, measures are being taken to support farmers during the spring sowing season.
On the other hand, consumption increased by 12.2 percent over the previous year during the Lunar New Year holiday, which ended on Friday, as reported on Saturday, January 28th. This increase reflects the phenomenon of a kind of jump after the difficult conditions of the world age of COVID-19.
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