As domestic demand has been on a steady recovery track in the first half, experts said on July 15th they expect more proactive fiscal and monetary policies to advance the balanced allocation of financial resources, and further help prices recover.
China's GDP grew by 5 percent year-on-year in the first half of 2024 to 61.68 trillion yuan, showcasing a steady economic rebound, the National Bureau of Statistics said on July 15.
Sales of fast-moving consumer goods at convenience stores on the Chinese mainland last year grew 8.2 percent, 1.3 times the average growth rate in the Asia-Pacific region, according to NielsenIQ monitoring data.
China's economy is poised for a steady rebound throughout this year, underpinned by consumer-led recovery, a robust foundation laid in the first quarter, and the gradual stabilization of the property sector, experts said.
China's top court is conducting research on livestreaming and other issues related to new purchasing habits to strengthen consumer protection by formulating relevant judicial documents, a senior judge said.