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Considering the rapid growth of the Chinese economy, together with the per capita disposable income, it is imperative that consumption upgrade occurs, said Wang Ran, founder and CEO of CEC Capital Group, a leading private investment bank.
Courts might also issue orders to curb possible high consumption by blacklisted parties. For instance, high-end travel modes, star hotels, night clubs and games of golf were all forbidden, while purchase of real estate projects, or new construction, expansion and high-end decoration of houses were also banned. Parties should not buy vehicles nonessential for business operations, take vacations, send children to expensive private schools, or buy costly insurance and wealth management products.
Contact the writer at lucymorangi@chinadaily.com.cn
Coupled with older cars traded for new ones, total new car sales in the city stood at 604,500 in 2018, according to the China Automobile Dealers Association.
Cranley also showed a strong interest in Chinese history and culture. “I am excited to see the Great Wall, the Forbidden City, the incredible history that I am trying to read up about China. I am learning about Confucius and the cultural heritage. I am excited to go and learn whatever I can learn,”
来源：资阳报