Beijing Flags Release of New Measures to Spur Services Consumption

267

The Chinese central government says it plans to launch new measures to drive services consumption in the wake of the COVID-19 pandemic.

Meng Wei (孟玮), spokesperson for the National Development and Reform Commission (NDRC), said that the authority will work with relevant departments to “further research and unveil new measures to drive services consumption,” as well as “further unleash services consumption potential.”

According to Meng NDRC recently issued the “Work Plan for Near Term Expansion of Domestic Demand and Driving Consumption” (近期扩内需促消费的工作方), which will be followed by efforts to drive the active development of new models of services consumption, including the development of online healthcare, digital smart travel, online education and training, and smart physical education.

Meng made the remarks on 17 November at a routine press conference held in Beijing.

According to Meng online services consumption remains a “laggard” area relative to real goods, accounting for just a 20% share of online sales.

LEAVE A REPLY

Please enter your comment!
Please enter your name here