Economy

Ministry of Commerce: Refining Measures to Promote Stable Consumption Growth and Continuously Expanding

2024-03-27   

On the 26th, the State Council Information Office held a press conference on recent data and policies related to production, consumption, import and export. When discussing the promotion of large-scale equipment updates and the action of exchanging old for new consumer goods, Vice Minister of Commerce Guo Tingting stated that she will refine measures to promote stable growth and continuous expansion of consumption. Guo Tingting introduced that key categories, festive seasons, and distinctive folk customs will be highlighted, and the "Consumer Promotion Year" series of activities will continue to be well organized to promote the deep integration of business, tourism, culture, sports, and health, and to continuously unleash consumer potential. Vice Minister of Commerce Guo Tingting: Recently, the State Council issued the "Action Plan for Promoting Large scale Equipment Renewal and Consumer Goods Exchange for New". Currently, we are working hard to study and refine measures, while fully respecting consumer wishes, to promote the exchange of "energy" in cars and gradually increase the sales proportion of new energy vehicles and energy-saving vehicles; Promote the transformation of household appliances into smart ones, and promote the development of household appliance consumption towards intelligence, greenness, and low-carbon; Promote the renovation of home furnishings, kitchens, and bathrooms, and support the renovation and partial renovation of more existing and second-hand houses. In addition, it will also cultivate and expand new types of consumption. Implement the digital consumption promotion action, carry out the normal establishment of green shopping malls, promote the conservative and innovative development of time-honored brands, and stimulate the consumption potential of China-Chic; Further improve the modern commercial circulation system and create high-quality consumption carriers for urban and rural areas. (Lai Xin She)

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