China to Enhance Consumption Through Increased Financial Support

Published on Jun 24, 2025.
China to Enhance Consumption Through Increased Financial Support

BEIJING, June 24 (Xinhua) -- In a strategic move to invigorate consumer spending, China has introduced new guidelines aimed at enhancing financial support, thereby bolstering credit and financing avenues for sustainable economic growth.

These guidelines, collectively released by six governmental bodies including the People's Bank of China, delineate a series of targeted measures focused on crucial sectors of consumption.

The comprehensive document emphasizes the necessity for robust financial backing for both goods and services consumption to stimulate market activity.

The guidelines encompass 19 pivotal measures categorized into six key areas, which include augmenting consumption capacity, expanding financial resources within the consumption industry, and unlocking the consumption potential of residents.

In alignment with these measures, it is essential to reinforce the overall macroeconomic and financial framework to foster job income growth among residents, creating a conducive environment for increased consumer demand.

Moreover, authorities are set to enhance structural monetary policy incentives, elevate credit support for significant sectors of service consumption, and diversify financing options, including bonds and equity.

Additional efforts will focus on amplifying financial support in priority consumption areas, innovating financial products that cater to specific consumption scenarios, and improving the efficiency of financial services in the consumer domain.

China will also optimize consumer payment services, strengthen the credit infrastructure within the consumer sector, and enhance the safeguarding of consumer financial rights as outlined in the guidelines.

ECONOMYFINANCIAL POLICY

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