service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year
. Meanwhile, sluggish auto consumption dragged the whole consumption growth.
The continuous decline of auto consumption has become
a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear
cher at the National Academy of Development and Strategy at Renmin University of China.
Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t
hat based on March data, auto production fell, however, the drop was narrowing.
The National Development and Reform Commission was reportedly considering a sl
ew of new measure to boost spending on automobiles, home appliances and consum
er electronics products. It has sent a draft plan to encourage consumption in the three sectors.