The Sensex closed at 49,624.76, lower by 167.36 points, or 0.34 per cent, from its previous close of 49,792.12 after opening at the historically high level.It h
BRUSSELS, Jan. 19 (Xinhua) The European Commission on Tuesday unveiled a new strategy to strengthen the economic and financial system of the European Union (
Regulator vows fillip to domestic consumption By OUYANG SHIJIA and ZHOU LANXU | China Daily | Updated: 2021-01-20 09:15 Share CLOSE Tourists shop at a duty-free shopping mall in Sanya, South China s Hainan province, on March 12, 2020. [Photo/Xinhua]
Efforts to boost domestic consumption will be intensified this year to spur economic recovery despite the mounting uncertainties, according to the country s top economic regulator.
China will also strive to improve the purchasing power of consumers, improve the consumption environment and create more consumption growth points, said Yan Pengcheng, director of the Department of National Economy at the National Development and Reform Commission.
Yan said the country will remove certain administrative restrictions on consumption and purchases and encourage areas that have restrictions on car purchases to increase the number of licensed vehicles. However, more efforts are need
TOKYO, Jan. 20 (Xinhua) Official data from China showed Monday that the country gross domestic product (GDP) expanded 2.3 percent year on year in 2020.The co