China has announced measures to increase spending, including the possible lifting of restrictions on car purchases, CNBC reports.
The measures are being introduced as economic growth in the world's most populous country slows down due to increased trade tensions with the United States.
According to the B92 portal, the Government has announced that local authorities with restrictions on car sales should gradually alleviate or eliminate them, as well as encourage the purchase of vehicles that use new forms of energy.
European carmakers have jumped on the news that official Beijing is preparing to ease restrictions on vehicle sales.
China's economy slowed more than expected at the beginning of Q3, with growth slowing to almost its lowest in the last 30 years in Q2.
Retail results in July indicated more cautious consumer behavior as retail grew at its slowest pace since April.
Sales of cars and jewelry declined from last year, while sales of clothing, home appliances, and telecommunications equipment fell by single-digit percentages.
Authorities said they would support shopping malls, stadiums, and leisure centers, as well as redevelop commercial pedestrian zones across the country.
It also stated that official Beijing would extend the operation of retail outlets to boost the "night economy" as shops and restaurants would work longer.
