China will take measures to increase domestic consumption

Date: 07:07, 02-04-2015.

Almaty. April 1. Silkroadnews - Ministry of Commerce will promote the reorientation of the population to reduce the consumption abroad and increased demand in the country, reported the agency "Xinhua".
"In recent years, the number of Chinese purchases abroad is constantly growing. In 2014, the number of trips outside of China has exceeded 100 million, shopping of Chinese citizens abroad is also increasing rapidly",- says the publication.
The Ministry of Commerce said that "there are a lot of reasons, but one of the main factors - the difference in prices in China and beyond."
"Meanwhile, an important difference in the formation of prices in the domestic and foreign markets is the pricing policy, the introduction of foreign brands in respect of its products in China", - said the representative of the Ministry of Commerce of China Shen Danyang.
He noted that the next step will be adoption by the Ministry of Commerce of China targeted policies, to orient the population to commit purchases exclusive products at home and at reasonable prices, as well as to stabilize and increase domestic consumption.
About the recent decline in prices by the fashion house Chanel and other luxury brands in China, Sh.Danyan said that it will benefit for the outflow of Chinese consumption abroad. Ministry of Commerce of China intends to continue to strengthen the management of this area, to stabilize and expand domestic consumption.

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