• China’s Commerce Ministry issues notice to boost household consumer goods consumption

Market news

18 July 2023

China’s Commerce Ministry issues notice to boost household consumer goods consumption

China’s Commerce Ministry announced in a statement on Tuesday, a series of measures that will help boost the consumption of household consumer goods and services.

Key takeaways

“Will encourage companies to create online service platforms for household consumer services.”

“Will kick off household consumer goods promotion.”

“Will step up credit support for household goods consumption.”

Market reaction

AUD/USD was last seen trading 0.19% on the day, at 0.6827.

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