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China state planner confident consumption to show improvement in May

Published 05/23/2020, 10:50 PM
Updated 05/23/2020, 10:55 PM
© Reuters. FILE PHOTO: NDRC Vice Chairman Ning Jizhe attends a news conference on China's economic development ahead of the 70th anniversary of its founding, in Beijing

BEIJING (Reuters) - Chinese consumption will show signs of improvement in May as new forms of consumption such as e-commerce are encouraged, the state economic planner said on Sunday.

Consumption has been hit hard by the new coronavirus, but data in April showed that with the epidemic under control, prospects for growth in consumption are stabilising, Ning Jizhe, vice chairman of the National Development and Reform Commission, told reporters at a briefing.

Latest comments

This is in line with many of our CEOs. We heard from Apple, Starbucks, and Disney that business is coming back to normacy there.
Seriously.. This is not something people care about..
Buzzy, if you're an American farmer, or business owner that exports to China, or somebody that cares about that segment of the US economy, then those people are who cares. Like it or not, the Chinese economy does affect the US economy.
 Big world, endless possibilities.
Here we go again with China talking out of its ********
China planner confident human consumption increased when people were locked in buildings in Wuhan. Returning to their roots.
Love consumtion long time
Hell yeah, let’s get the world consuming oil again. HAL to $18
What you mean is the data is ready!
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