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Beijing reveals “special action plan” to stimulate lagging consumption

Hong Kong: China’s State Council announced a “special action plan” on Sunday to promote domestic consumption, including measures to increase residents’ income and establish subsidy plans for nurseries.

The program is due to various setbacks in the levels of consumer demand in recent years, due to factors such as Covid-19 disruptions and long-term property downturns, which have led families to tend to spend and increase ventilation trends.

Expand domestic demand
A report from the Council said it was issued to all regions and sectors to “significantly increase consumption, expand domestic demand in all directions, and increase consumption capacity by increasing revenue and reducing burdens”.

The plan comes a week after the Chinese Prime Minister’s report to the National People’s Congress on Chinese Prime Minister’s work, which focused on increasing household spending to mitigate the impact of weak external demand. Pressure on Chinese officials has been putting pressure on consumer-centric stimulus to resist deflationary pressures and reduce reliance on exports and investments.

XI rejects EU invitation
Meanwhile, the Financial Times reported that Chinese President Xi Jinping held on Sunday EU officials said that EU officials told EU officials that EU officials would meet XI. People who had been at the East Party said that this is a familiar person. This is because he said that this is a familiar person. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. This is because he is familiar with the people. Daily said that the president was in Beijing, but the EU hopes that Xi Jinping commemorates the half-century relationship between Beijing and the group.

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