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China mulls incentives to support consumption, boost investment
Date:2019-01-10  Source:Xinhua

China will introduce incentives to support consumption in key areas while increasing effective investment as part of its efforts to shore up the economy, the country's top economic planner has said.

"We will keep the economy operating within a reasonable range for 2019 while striving for a good start in the first quarter," said Ning Jizhe, deputy head of the National Development and Reform Commission, in a media interview Monday.

Consumption should better play its fundamental role in supporting growth, with policies to be rolled out to stabilize consumption for automobiles and home appliances, Ning said.

China will also step up efforts to push the implementation of key foreign investment projects. While the first group of such projects, including the new plant of U.S. electric carmaker Tesla in Shanghai, has seen notable progress, the country will advance the second group, which will focus on new energy.

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