China Issues Measures to Bolster Growth of Consumer Businesses
- Beijing’s plan seeks to accelerate expansion of light industry
- Steps include aiding exchange that helps small firms get funds
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China issued more measures to bolster economic growth, including a plan to boost consumer industries and steps to grow an exchange dedicated to helping small firms get access to funds.
The government wants to accelerate growth in the so-called light industry which covers items from home goods, food and paper-making to plastic products, leather and battery, according to a plan published Friday by three agencies including the Ministry of Industry and Information Technology.