consumption may pick up as the country has stepped up policy efforts to redress the mismatch between consumption demand and supply

Specifically, consumption may pick up as the country has stepped up policy efforts to redress the mismatch between consumption demand and supply, with full-year retail sales growth likely to reach 8.5 percent year-on-year, he said.Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a