China - Consumption move to spur spending
Saturday, 09 12 2020, Category: Economy, Country: China
The month long campaign launched by the Ministry of Commerce to promote consumption will consolidate the recovery in spending, enhance the vitality of market players, stabilize industrial and supply chains and inject new impetus into the Chinese and global economies, experts said.
A total of 179 cities across the country will participate in the event jointly organized by the Ministry of Commerce and China Media Group from Wednesday to Oct 8. There will be more than 2,800 key activities and the events will integrate online and offline commercial activities, involve more than 100,000 companies and 2 million physical and online services and product providers.
A ceremony was held on Tuesday evening at Beijing's Qianmen pedestrian street to officially launch the campaign, during which real-time events for consumption promotion in a dozen cities outside Beijing, including Tianjin, Shanghai and Wuhan, capital of Hubei province, were livestreamed.