China Plans On Boosting Domestic Consumption In May
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Expanding domestic consumption may be a priority in China’s “dual circulation” economic strategy presented last May, which also involved a reduced dependence on foreign markets.
As China enters a stretch of public holidays for Labour Day, it’ll formally begin the month-long campaign on May Day in Shanghai with activities including a car show, Gao Feng, a commerce ministry spokesman told a news conference on Sunday.
Other cities like Beijing, Chongqing and Suzhou also will hold sales in May, he added.
Ecommerce platforms also will offer sales on food, travel, cultural, sporting products by “good quality brands” for half a month.
Events planned in other cities include a food fair in Yangzhou city in China’s eastern province of Jiangsu from this Thursday and a good from May 12 in Guangzhou city of the southern Guangdong that showcases documented brands.
The southern city of Haikou within the Hainan province will hold an inaugural commodity expo from May 7-10, Gao added.
