China has unveiled an ambitious action plan to boost domestic consumption, setting the stage for a vibrant economic rebound in 2025. Organized into eight major sections, the plan focuses on a dual strategy: strengthening demand by increasing incomes in both urban and rural areas, and enhancing the supply side with improved service quality and upgraded big-ticket consumption.
Central to the initiative is the goal of empowering consumers with stronger purchasing power through new supportive measures and streamlined regulations. These efforts aim to create a more robust and consumer-friendly environment, fostering innovation across sectors including technology, sustainable travel, and cultural trends.
Qu Qiang, a fellow at the Belt and Road Research Center at Minzu University of China, expressed optimism about the new policy measures. He anticipates that the renewed focus on domestic consumption will lead to a significant pickup over the rest of 2025, generating fresh momentum for economic growth and stimulating market confidence.
This proactive approach not only seeks to revitalize consumption but also serves as a call for a broader transformation towards modern, quality-driven economic development. The initiative resonates with young global citizens, business professionals, thought leaders, and digital nomads who are eager to see sustainable progress and innovative change on a global scale.
Reference(s):
cgtn.com
