China to spend more to drive rural consumption


BEIJING, Jan 29 (Reuters) - China will further increase government spending this year to encourage rural household consumption, a senior Ministry of Commerce official said on Friday. Chang Xiaocun, head of the ministry's market development division, gave no figure but said total government subsidies in 2010 would definitely surpass the 2009 total. Beijing has repeatedly pledged to do more to fuel domestic consumption, especially in the countryside. Various measures are in place to ...

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