China’s NDRC announces 10-point plan to promote consumption and boost economy

China's state planner, National Development and Reform Commission (NDRC), announced a plan in a bid to spur economic growth led by consumption.

Key Points:

Aims to lower logistics costs

Will create environment to expand consumption

Increase residential land supply in Tier-1 cities

Support parking lot construction

Introduce measures to promote green consumption

Support consumption in cruise industry