china to introduce policies to strengthen domestic consumption- state media - home appliances manufacturers in china

(
This version of the January 8, 2019 story fixed the last paragraph to make the January schedule
November instead of 2018 and corrected the source of the data)
Singapore/SHANGHAI (Reuters)-
State broadcaster CCTV on Tuesday quoted a senior national planning official as saying that China plans to introduce policies this year to increase domestic spending on projects such as cars and home appliances.
Ning Jizhe, deputy director of the National Development and Reform Commission (NDRC)
In an interview with CCTV, he said the policies would be part of a broader effort by China, the world's second-largest economy, to boost domestic consumption.
National planners will also introduce policies on housing rental and services, as well as elderly and childcare, and plan to reduce investment barriers in other sectors such as culture and sports.
He also said the NDRC plans to push forward reforms in the second batch of major foreign economies.
According to an interview record released by the state news agency Xinhua News Agency, projects invested in 2019 may include new energy companies.
Each investment in these projects could be worth billions of dollars. S.
He added that the first projects launched in fourth quarter of 2018 included seven projectsS.
Tesla, a car manufacturer (TSLA. O)
Shanghai factory and German chemical giant BASF (BASFn. DE)
Agreement with Sinopec (600028. SS)
Make steam cookies in China.
Mr Ning's comments helped boost European carmakers on Tuesday, traders said. SXAP rising 2. 7 percent.
The China Automobile Industry Association, the world's largest auto market, said in 2019 that it expects to sell 28 million cars, about 2018, in December.
From January to last November, China imported about 1.
3 million vehicles, down 6.
The latest official figures show a 8% increase compared with the same period last year.