As 2025 approaches, China is witnessing a remarkable revitalization in consumption, signaling a positive trajectory in the nation's modernization journey. Recent official data reveals a 5% year-on-year increase in the popularity index for offline consumption, while the services sector has surged by an impressive 10.6%.
This consumption boom is more than just numbers; it reflects tangible improvements in the lives of ordinary citizens. \"As far as Chinese modernization is concerned, the people's well-being matters the most,\" emphasized Chinese premier Xi Jinping during his inspection of Chongqing Municipality in April.
Throughout 2024, Xi's domestic tours have consistently highlighted the theme of 'people.' According to an analysis by CGTN, this keyword stood out alongside others like \"development,\" \"modernization,\" \"economy,\" and \"ecology,\" underscoring the core elements driving China's path forward.
In June, while visiting a multi-ethnic residential community in Yinchuan, Ningxia Hui Autonomous Region, Xi reiterated the CPC's commitment: \"The Communist Party of China (CPC) is dedicated to serving the people, and the well-being of the people of all ethnic groups and every household is my concern.\"
Government priorities are evident in the budget allocations for 2024. China's Ministry of Finance reports that 70% of the government's expenditure this year is dedicated to enhancing people's well-being. The national general public budget has risen to approximately 28.55 trillion yuan ($3.91 trillion), marking a 4% increase from the previous year. Notably, budgets for education, social insurance, and employment have each surpassed the 4 trillion yuan mark, indicating a robust investment in the nation's future.
CGTN's special interactive page, \"Chinese Modernization, People's Well-being Matters Most,\" offers an in-depth look at these developments through compelling visual effects and stories, showcasing China's commitment to high-quality development across various sectors in 2024.
Reference(s):
How Chinese modernization delivers a better life for the people
cgtn.com
