China to launch monthlong consumption campaign in five major cities

By AJP Posted : October 24, 2024, 09:55 Updated : October 24, 2024, 09:55
Tourists explores the Jiuzhaigou scenic area in Sichuan Province southwest China on Oct 10 2024 Xinhua-Yonhap
Tourists explores a park in Sichuan Province in China on Oct. 10, 2024. Xinhua-Yonhap
SEOUL, October 24 (AJP) - China will initiate a monthlong campaign to boost consumer spending in November, the Ministry of Commerce said on Wednesday.

The campaign will take place in Shanghai, Beijing, Guangzhou, Tianjin, and Chongqing and feature a variety of activities aimed at promoting consumption in shopping, dining, tourism, exhibitions, and performances.

Local authorities and relevant departments have been instructed to refine their plans and introduce effective measures to support the ongoing recovery of the consumer market.

Earlier this year, China implemented a large-scale equipment upgrade and consumer goods trade-in program in March to stimulate domestic demand and strengthen the economy.

Official data indicates that China's retail sales of consumer goods increased by 3.3 percent year-on-year in the first three quarters of this year.
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