China to stabilize automobile, consumer electronics consumption

[March 23, 2023]  BEIJING (Reuters) - China will make efforts to stabilize automobile, consumer electronics consumption, and expand home appliances and green building materials consumption, the Ministry of Industry and Information Technology said on Thursday. 

Cars move on a street at the Beijing's Central Business District (CBD), during the morning rush hour following the Chinese Lunar New Year holiday, in Beijing, China, January 30, 2023. REUTERS/Tingshu Wang

The country will also consolidate its leading position in industries such as new energy vehicles, photovoltaic equipment, mobile communications and power equipment, the ministry said in a statement on its website.

China's industrial economy is still recovering in general, and the issue of insufficient demand is prominent, the ministry added.

(Reporting by Ethan Wang and Liz Lee; editing by Jason Neely)

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