CHINESE authorities on Monday issued 20 measures to boost domestic consumption, including support for expanding real estate and auto sales, underscoring the country's intensifying efforts to ensure steady economic recovery and meet annual economic development goals amid internal and external downward pressures.

The measures from the National Development and Reform Commission (NDRC), China's top economic planning agency, represent swift policy action following a recent top tone-setting meeting that stressed efforts to stabilize growth, analysts said. These measures are crucial to improving market expectations and lifting domestic demand, and will, along with a slew of measures in other areas such as boosting the private economy, ensure steady economic recovery in the second half of 2023, analysts noted.