Expert calls for efforts to boost consumption

In a recent interview with ChinaPerspectives, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research, said that boosting people's willingness to spend money will be a challenge for China's steady economic growth in the second half of the year, adding that lackluster consumer demand remains the core problem. He said it is advisable for the country to further step up efforts to drive large-scale equipment upgrades and trade-in deals for consumer goods, and to improve the supply-side offering of consumer goods and services, in a bid to cater to consumers' rising demand for new types of consumption.