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service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year
. Meanwhile, sluggish auto consumption dragged the whole consumption growth.
The continuous decline of auto consumption has become
a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear
cher at the National Academy of Development and Strategy at Renmin University of China.
Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t
hat based on March data, auto production fell, however, the drop was narrowing.
The National Development and Reform Commission was reportedly considering a sl
ew of new measure to boost spending on automobiles, home appliances and consum
er electronics products. It has sent a draft plan to encourage consumption in the three sectors.
Guests like Austrian ambassador to China Friedrich Stift, p
erformances from the Strauss Festival Orchestra Vienna, and reality TV star Allen Wu as
host have made the event the most talked-about on Beijing’s April social calendar.
The dapperly attendees and the venue at the Kempinski Hotel Beijing Lufthansa Center, a lux
ury hotel in downtown Beijing, will make April 13 a night of waltz, high fashion and haute cuisine.
With tickets priced 1,500 yuan ($224), the ball has sold out every ye
ar during its five-year history in Beijing, according to organizer, the Kempinski Hotel.
In this video interview with China Daily’s website, both the ambassador and Brice Péan, mana
ging director of the Kempinski Hotel, give a preview of what to expect at this year’s ball.