BEIJING, July 31 (Reuters) - China's State Council on Monday issued measures to restore and expand consumption in the automobile, real estate and services sector, aiming to give full play to the "fundamental role" of consumption in economic development.
In an interview with state broadcaster CCTV published on Monday, unnamed officials from the National Development and Reform Commission said it will take the summer, Mid-Autumn and National Day holidays as an opportunity to expand holiday consumption.
Last week, policymakers at a Politburo meeting pledged to step up policy support for the economy amid a tortuous post-COVID recovery, focusing on boosting domestic demand, signalling more stimulus steps.
The world's second-largest economy grew at a sluggish pace in the second quarter as demand weakened at home and abroad.
Reporting by Liangping Gao and Ryan Woo; Editing by Jacqueline Wong and Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.
Persons:
Liangping Gao, Ryan Woo, Jacqueline Wong
Organizations:
State, National Development, Reform Commission, Thomson
Locations:
BEIJING