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China to introduce policies to strengthen domestic consumption: state media

Reuters  |  SINGAPORE 

(Reuters) - plans to introduce policies to boost domestic spending on items such as autos and home appliances this year, state television CCTV quoted a as saying on Tuesday.

Ning Jizhe, of (NDRC), said in an interview with CCTV that the policies will be part of wider efforts to strengthen domestic consumption in China, the world's second largest economy.

The will also introduce policies in house leasing and services, as well as elderly and child care, with plans to also lower investment barriers in other sectors such as culture and sports.

The helped to lift shares in Europe's auto makers, traders said, with the autos sector index rising 2.7 percent.

China, the world's biggest car market, expects to sell 28 million vehicles in 2019, roughly level with 2018, the said in December.

imported about 1.03 million cars last year, down 6.8 percent from a year earlier, latest figures from the association showed.

(Reporting by in Singapore, editing by Louise Heavens)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, January 08 2019. 21:36 IST