Domestic purchases boost economy
By Ren Xiaojin and Zhong Nan | China Daily | Updated: 2019-07-04 07:09
Policies to enhance entrepreneurship, employment and consumption are encouraging people to spend
Consumption will continue to be the strongest driver of China's economic growth and the country's regulators are looking at ways to further liberalize its potential.
Immediately after the three-day Dragon Boat Festival at the beginning of June, during which, according to China's Ministry of Culture and Tourism, Chinese tourists spent 39.3 billion yuan ($5.72 billion) on domestic travel, the country's savvy internet users were busy arranging their shopping carts for the online sales day on June 18.
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