BOOST DOMESTIC CONSUMPTION

China’s consumption at home will show some highlights in the second half of this year while the Ministry of Commerce will put forward specific measures to vitalize logistics and boost purchasing, Commerce Minister Gao Hucheng told Xinhua News Agency on Wednesday.

“We are studying detailed moves to encourage logistics and are needed to increase trade facilitation and the competitiveness of enterprises.

A series of measures covering customs clearance, financial support and a stabilization of the yuan’s exchange rate were rolled out during the meeting.

“The Ministry of Commerce will join with other departments to put these measures into actionable form and swiftly consumption, including building up logistics facilities with discount loans and special subsidies as well as offering preference in land use. Local governments are encouraged to support credit consumption with discount loans and boost consumer finance institutions to lift the purchase of durable goods,” Gao said.

He added that new bring benefits to enterprises, as well as keep trade growth steady,” Gao said.

Meanwhile, the ministry will “actively support potential trade methods and emerging services, such as cross-border e-commerce, while encouraging enterprises to enhance technological innovation, product quality and brand awareness, as well as build up international electronic products, energy-saving and intelligent home appliances, automobiles, furniture and building materials will be the new growth engines of domestic consumption for the rest of 2013, while online shopping, credit consumption and automobile renting will be new hot developments. sales networks to explore emerging markets”, he said.

The catalogue of technology and commodity imports will be enlarged to increase buying of energy and resources products, advanced equipment, key parts and consumer goods needed domestically, he added.

Vice-Minister of Commerce and China International Trade Representative Zhong Shan said