China to tap into consumption potential
The State Council released a circular on April 25 aimed at facilitating the recovery of consumption. To that end, a batch of multifunctional suburban warehouse bases will be scientifically established in all big and medium-sized cities to ensure dispatch of daily supplies and unobstructed circulation of consumer goods. The circular also called for efforts to stabilize consumption fundamentals, with particular support to consumption in physical products, healthcare, elderly care, and daycare services, culture and tourism, and townships and counties. To improve circulation of consumer goods, the government will further improve e-commerce and logistics systems, strengthen trans-regional connection of epidemic prevention and control measures, keep logistics channels unblocked, and expedite the establishment of a reliable and efficient globe-spanning logistics network. In addition, the government will create a safe and credit-worthy consumption environment, abolish consumption restriction barriers, upgrade the quality system of consumer goods, carry out fair competition policies and further reduce tariffs on premium consumer goods in great demand.
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