Fillip to consumption seen spurring retail, services

China's State Council executive meeting announced fresh plans to boost household consumption late on Thursday, and experts said on Friday these moves will further energize the growth of retail sales and services, and thus contribute to the overall consumption recovery this year.

Noting that household consumption involves many areas and has long upstream and downstream chains, the State Council said that targeted policy measures in boosting consumption are conducive to boosting growth in consumer spending and economic recovery.

The State Council further said new policy steps to boost household consumption need to be aligned and coordinated with measures for renovating and sprucing up aging residential communities and old neighborhoods.