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China's Moc To Formulate New Policies For Consumption Stimulus

 

Friday, Jan 20,2012, 11:02:22 PM   Click:

China's Ministry of Commerce (MOC) is drawing up some new policies to stimulate consumption and will announce these policies after it reaches an agreement with the Ministry of Finance (MOF) and the People's Bank of China (PBOC) and the policies are approved by the State Council, said Shen Danyang, the spokesman of MOC at a press conference.

In terms of fiscal support, more fiscal expenditures would be spent in the logistics for public welfare and green and environment-friendly consumption.

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