On August 5, Ning Jizhe, deputy director of the National Development and Reform Commission, saidIn the second half of the year, China will encourage cities with purchase restrictions to appropriately increase automobile purchase quotas, relax purchase restrictions on new energy vehicles, and provide appropriate subsidies for the purchase of new energy vehicles, etc.

He also said that it is necessary to better expand the fundamental role of consumption in economic growth,In the second half of the year, China will accelerate the high-quality development of new types of consumption such as smart retail and online education, and promote the transformation and upgrading of automobile and home appliance consumption.

As to how to consolidate the economic recovery trend, Ning Jizhe, deputy director of the National Development and Reform Commission, said,In the second half of the year, we must firmly grasp the strategic basis of expanding domestic demand. In terms of investment, we will focus on promoting the “two new and one priorities” construction of major projects such as new infrastructure, new urbanization, transportation and water conservancy, increase efforts to make up for shortcomings in the fields of public health, emergency supplies, transportation and energy, etc., and speed up the renovation of old urban neighborhoods.