Retails sales, a barometer of consumer spending in China, grew by only 7.2 per cent in April, sharply lower than March’s level of 8.7 per cent and 8.2 per cent for 2018, according to China’s official data. Photo: Reuters

China unveils 5G and NEV spending action plan to boost consumption to cushion US trade war impact

  • Plan would aim to boost the sales of cars, home appliances and consumer electronics including 5G smartphones after sharp drop in retail sales in April
  • Restrictions on car registrations would also be relaxed after sales dropped 14.6 per cent in April from a year earlier
Topic |   China economy

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Retails sales, a barometer of consumer spending in China, grew by only 7.2 per cent in April, sharply lower than March’s level of 8.7 per cent and 8.2 per cent for 2018, according to China’s official data. Photo: Reuters
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