Measures set to improve supply

China's State Council issued a document on Wednesday to improve the domestic circulation of consumer goods and boost the development of supply chains.

Economists said that the document aimed to expand domestic consumption amid a slowdown in the world's second-largest economy mainly resulting from slowing growth in the country's exports and curbs on the real estate industry.

In the first quarter of this year, China's GDP growth rate slowed to a three-year low of 8.1 percent, because of weakening demand in global markets amid the deepening eurozone debt crisis.