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China unveils plan on special initiatives to boost consumption

“China has made public a plan on special initiatives to increase consumption, as the world's second-largest economy moves to make domestic demand the main engine and anchor of economic growth.


The plan, issued by the General Office of the Communist Party of China Central Committee and the General Office of the State Council, aims to vigorously boost consumption, stimulate domestic demand across the board, and increase spending power by raising earnings and reducing financial burdens.


It also aims to generate effective demand through high-quality supply, improve the consumption environment to strengthen consumer willingness to spend, and address prominent constraints on consumption.


The plan, organized into eight major sections, adopts a holistic approach by simultaneously addressing factors such as income growth, service consumption quality enhancement, big-ticket consumption upgrading, and consumption environment improvement.”


This provides avenues to explore business opportunities, strategic alliances, investment drive, product development, and policy advocacy to take advantage of the initiative.

Source: State Council China, 2025 Xinhua News, 2025 Global Times,2025 English News, 2025


 #Consumption #Demand #Lifestyle

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