Greater incentives to boost consumption in the pipeline

China plans to roll out more measures to stabilize consumption growth as external pressure and downward headwinds impact on car sales and trade.

While some factors have dragged short-term growth, the consumption sector has not lost its growth momentum and is on the track to continue upgrading as the nation shifts its growth model to relying more on consumption and less on investment, Liu Yunan, a senior official at the National Development and Reform Commission, said on Tuesday.

In 2018, total retail sales of consumer goods exceeded 38 trillion yuan ($5.64 trillion), a year-on-year increase of 9 percent, data from the National Bureau of Statistics showed.