The Chinese government decided about consumption stimulating actions

China in order to boost consumption increases imports, making the tax refunds for foreign buyers easier, and expands the range of cities that can be visited for 72 hours without a visa – the local media reported on Monday in Beijing after a cabinet meeting.

The Chinese cabinet would like to achieve the stabilization of the economy by promoting consumption – the communication of the government stated , indicating that the government puts an emphasis on the imports of advanced technology equipments – and will also boost the imports of fast moving consumer goods. (MTI)