MNI BRIEF:China To Launch New Measures For Service Consumption

China will introduce measures to expand service consumption in September, Sheng Qiuping, Vice Minister of Commerce told reporters on Wednesday.

Authorities will coordinate fiscal and financial policies and improve service supply to stimulate additional spending, said Sheng. (See MNI: China Retail Sales Growth Likely To Slow In H2)

To address the insufficient supply of high-quality services, officials will encourage foreign investment in the sector, including areas like telecommunications, healthcare and education, according to Sheng.