China intensifies efforts to boost domestic demand

The National Development and Reform Commission (NDRC), China’s top economic planner, is ramping up efforts to boost investment and consumption to strengthen domestic demand.

It will support government investment to drive social investment and encourage private businesses to join national projects, according to spokesperson Jin Xiandong on Thursday.

To attract private investors, the NDRC will offer more high-quality investment opportunities, promote government-private investment cooperation, and accelerate the issuance of real estate investment trusts.

The NDRC will use long-term special treasury bonds to support trade-ins for consumer goods and encourage spending in sectors like culture, tourism, education, healthcare, elderly and child care, and housekeeping.

Attribution: Xinhua

Subediting: M. S. Salama