China's consumption-boosting measures are showing encouraging results this year, particularly in consumer electronics and services, a leading Chinese economist said, as policymakers pay vital attention to domestic demand amid property sector adjustment and rising external uncertainty.
Su Jian, a professor at the School of Economics at Peking University made the remarks on Thursday at a media briefing hosted by the All-China Journalists Association, responding to a question from China Daily on the effectiveness of policy packages rolled out by central and local authorities to stimulate consumption.
Su said consumption growth has been most visible in services and fast-evolving electronic products.
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