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China plans raft of steps to boost growth

By Zhang Yue | | Updated: 2023-06-16 11:35
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Tourists dine at a themed street in Xi'an, Northwest China's Shaanxi province, May 11, 2023. [Photo/Xinhua]

China will work further in implementing a raft of supportive measures to boost consumption, carry out the construction of major projects, and expedite the development of a modern industrial system to boost growth, an official said.

Meng Wei, a spokesperson for the National Development and Reform Commission, said at a news conference on Friday that the May economic figures have attracted attention and it is normal that temporary fluctuations emerge in certain sectors during the economic recovery, and the momentum for China's economic recovery remains strong and solid. 

"Despite the current insufficient market demand and the need for a stronger internal driving force for economic recovery, these pressures and challenges will not change the positive momentum of our country's long-term economic growth," she said.

She said that going forward, policies will be promptly formulated to energize consumption, improve the consumption environment and unleash the potential of service consumption. In particular, policy efforts will be made to stabilize automobile sales.

In addition, efforts will also be put in place to accelerate the development of a modern industrial system supported by the real economy. Supportive measures will also be given in securing employment and increasing urban and rural residents' income, according to Meng.

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