Full transcript of policy briefing of the State Council on Jan 16, 2015

Zhong Shan:

I agree with Mr Zhong completely. I would like to add two points.

First, the total retail sales of consumer goods in China are huge, and has reached 26.6 trillion yuan. But the consumption per capita is very small. So there is great potential to increase the country's consumption.

Second, the State Council issued guidelines on promoting domestic trade, and came up with very powerful measures to raise consumption. So I want to say that our market is huge, the policies are more and more favorable, and we would like to cooperate with various countries to boost our domestic demand. We also welcome foreign companies to invest in China and join our projects to increase consumption.

Thank you.

Guo Weimin:

There were lots of good questions today and the transcript of the briefing will be put on www.china.com.cn, www.gov.cn and english.gov.cn for your reports. The weekly policy briefing will be held the same time next Friday. Senior officials from finance departments are likely to join us next time and I believe you will be quite interested in this topic. Any suggestions and ideas on the briefing are warmly welcomed and we can be reached through email and phone.

That's the end of the briefing, thank you, two ministers, thank you, Mr Ge Wei, and thank you, friends from the press. See you next time!