{"id":235099,"date":"2025-12-16T04:04:08","date_gmt":"2025-12-16T04:04:08","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/235099\/"},"modified":"2025-12-16T04:04:08","modified_gmt":"2025-12-16T04:04:08","slug":"china-issues-11-point-policy-package-to-boost-consumer-spending-amid-slowing-retail-sales","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/235099\/","title":{"rendered":"China issues 11-point policy package to boost consumer spending amid slowing retail sales"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China has announced a new policy package to boost household spending by tightening coordination between commerce and financial regulators, expanding access to credit and promoting new forms of consumption.<\/p>\n<p>The move comes as <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/economy\/economic-indicators\/article\/3336420\/chinas-consumption-and-investment-show-weak-performance-november?module=top_story&amp;pgtype=section?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">soft retail sales<\/a> and weak consumer confidence continued to weigh on economic growth last month, highlighting the urgency for policymakers to expand domestic demand. That priority has topped the agenda of the central economic work conference \u2013 an annual gathering of the Central Committee of the ruling Communist Party and the State Council, China\u2019s cabinet \u2013 for two consecutive years.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Analysts said the support could intensify in the new year, with the focus likely shifting towards service-sector spending rather than big-ticket goods.<\/p>\n<p>The 11-measure policy package includes steps to further expand personal consumer lending and channel more credit towards high-potential areas \u2013 including green, health, digital and <a target=\"_self\" class=\"e1yy41x40 ef9u0v01 css-1ankfgb ecgc78b0\" href=\"https:\/\/www.scmp.com\/news\/china\/politics\/article\/3301606\/years-two-sessions-beijing-ai-seems-be-everyones-lips?module=inline&amp;pgtype=article?module=inline&amp;pgtype=article\" title=\"\" data-qa=\"BaseLink-renderAnchor-StyledAnchor\" rel=\"nofollow noopener\">\u201cAI Plus\u201d<\/a> consumption \u2013 according to a notice released by the Ministry of Commerce, the People\u2019s Bank of China and the National Financial Regulatory Administration.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">It also encourages eligible local governments to use digital yuan \u201cred packets\u201d to improve the effectiveness of consumption incentives.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cLocal commerce authorities are encouraged to make full use of existing funding channels, actively roll out consumption-boosting initiatives, and work in tandem with financial support measures to better unlock consumer demand,\u201d the notice issued on Sunday said.<\/p>\n","protected":false},"excerpt":{"rendered":"China has announced a new policy package to boost household spending by tightening coordination between commerce and financial&hellip;\n","protected":false},"author":2,"featured_media":235100,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[174],"tags":[21553,79,79411,381,86146,124882,55812,179,18,19,17,1488,9408,53586,2711,46951,8884,124881,3997,22227],"class_list":{"0":"post-235099","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-ai-plus","9":"tag-business","10":"tag-central-committee","11":"tag-china","12":"tag-chinese-communist-party","13":"tag-digital-yuan","14":"tag-economist-intelligence-unit","15":"tag-economy","16":"tag-eire","17":"tag-ie","18":"tag-ireland","19":"tag-ministry-of-commerce","20":"tag-national-bureau-of-statistics","21":"tag-national-financial-regulatory-administration","22":"tag-peoples-bank-of-china","23":"tag-qiushi","24":"tag-state-council","25":"tag-two-sessions","26":"tag-xi-jinping","27":"tag-xu-tianchen"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/115727267524907848","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/235099","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=235099"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/235099\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/235100"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=235099"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=235099"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=235099"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}