People walk on the Nanjing Road pedestrian street in east China's Shanghai, February 3, 2025. /VCG
People walk on the Nanjing Road pedestrian street in east China's Shanghai, February 3, 2025. /VCG
China on Sunday made public a plan on special initiatives to boost 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 increasing 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.
Source(s): Xinhua News Agency