Automotive, Consumer Discretionary Oct 20, 2020 04:08 PM (GMT+8) · EqualOcean
At the ongoing National Development and Reform Commission’s regular press conference, press spokesperson Meng Wei revealed that since the beginning of this year, in response to the impact of COVID-19 on consumption, relevant departments in various regions have taken active steps and launched a series of 'consumption boosting' policies. Meng added that the next step will be to promote the transformation of auto and home appliances consumption track, promote the shift from restricted automobile purchases to guided use, encourage localities to introduce policies to promote the replacement of old automobiles, promote the construction of major public buildings equipped with parking lots, roadside parking facilities, improve the recycling system of used home appliances and support the development of home appliances replacement activities.

Source: NetEase