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Chinas State Council issues measures to expand consumption
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Chinas State Council issues measures to expand consumption
preview: executive summary
China's State Council 31 July 2023 issued measures to restore and expand consumption in the automobile, real estate, and services sectors, 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.
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