(ECNS) — China has approved a new five-year plan to boost household spending, targeting retail sales of about 60 trillion yuan ($8.3 trillion) by 2030 and underscoring Beijing's push to make domestic demand a stronger driver of economic growth.
The National HealthCommission will coordinate implementation and monitor progress, while local governments are expected to adapt the plan to regional conditions, according to the document. (By Zhang Jiahao). Related news.
China has unveiled its first five-year blueprint dedicated to boosting consumption, signaling a strategic shift toward making household spending a stronger engine of economic growth as the world's ...
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China also pledged to raise household incomes and "significantly" increase household consumption's share of the economy from around 40% at present ... and countries participating in the Belt and RoadInitiative ... .
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). July 2026 ... labour costs and energy costs ... To request this report in an alternative format, email [email protected]. Executive summary ... This report sets out a 'blueprint to boost growth', through a comprehensive national business energy costs strategy.
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