-
Important news
-
News
-
Shenzhen
-
China
-
World
-
Opinion
-
Sports
-
Kaleidoscope
-
Photo Highlights
-
Business
-
Markets
-
Business/Markets
-
World Economy
-
Speak Shenzhen
-
Leisure Highlights
-
Culture
-
Travel
-
Entertainment
-
Digital Paper
-
In depth
-
Weekend
-
Lifestyle
-
Diversions
-
Movies
-
Hotels
-
Special Report
-
Yes Teens
-
News Picks
-
Tech and Science
-
Glamour
-
Campus
-
Budding Writers
-
Fun
-
Futian Today
-
Advertorial
-
CHTF Special
-
FOCUS
-
Guide
-
Nanshan
-
Hit Bravo
-
People
-
Person of the week
-
Majors Forum
-
Shopping
-
Investment
-
Tech and Vogue
-
Junior Journalist Program
-
Currency Focus
-
Food Drink
-
Restaurants
-
Yearend Review
-
QINGDAO TODAY
在线翻译:
szdaily -> Business/Markets -> 
Experiment under way to boost shopping
    2019-01-16  08:53    Shenzhen Daily

THE northern province of Hebei is proposing giving workers Friday afternoon off, while Beijing urges shops and malls to stay open later at night, as officials seek creative ways of stimulating consumption and supporting economic growth.

The capital city hopes to boost spending on fashion and branded goods in the “night economy” by getting retailers to extend their business hours, Beijing News reported Monday, citing the city government’s latest work report. Hebei is also pushing for paid leave and encouraging people to take vacations and adopt flexible working hours, the local government said in a two-year plan.

The Hebei plan seeks to “quicken the breakdown of the most direct and prominent systemic obstacles restricting residential consumption in the province and foster areas for new consumption growth,” the proposal said.

China is turning to domestic consumption to drive growth as trade headwinds, falling factory sentiment and a worsening employment outlook threaten the economy. The nation is preparing to revive demand for cars this year after the first annual slide in vehicle sales in at least two decades, and has pledged to boost demand for household appliances.

Experiments with longer breaks have yielded mixed results. Perpetual Guardian, a New Zealand firm that manages trusts and estates, found a four-day work week resulted in more productivity. But a two-year experiment cutting working hours showed that costs outweighed the benefits.(SD-Agencies)

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn