China state planner says household consumption capability, confidence needs to be improved

China state planner says household consumption capability, confidence needs to be improved

• The National Development and Reform Commission of the People's Republic of China (NDRC) is the state planner

China state planner spokesperson:

• We are aware that household consumption capability and confidence needs to be improved
• We are aware companies’ competition has intensified
• Will study further increasing support from central govt to reduce funding pressure for local govts for people’s livelihood projects
• Will investigate dumping cases, misleading promotions, improve governance of ‘disorderly competition’