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The State Council Information Office will hold a press conference on March 17, 2025 (Monday) at 3 PM.Please invite Li Chunlin, Deputy Director of the National Development and Reform Commission, and relevant officials from the Ministry of Finance, the Ministry of Human Resources and Social Security, the Ministry of Commerce, the People's Bank of China, and the State Administration for Market Regulation to introduce information related to boosting Consumer and answer questions from reporters.
This press conference collects key points, the "policy package" is open for discussion, read the exciting highlights quickly > >
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Dual engines for boosting Consumer confidence: stabilizing the stock and real estate markets as a platform, increasing income and reducing burdens as the performance.
–The "Stable Stock and Real Estate" initiative first appears in consumer promotion documents:The National Development and Reform Commission has for the first time included stock market and real estate stability in consumer promotion policies, intending to help stock investors "recover losses" and allow mortgage holders to "breathe easier," as only when wallets are fuller can people "buy, buy, buy."
– Demand side "red envelopes":The policy shifts from "supplying goods on the supply side" to "issuing money on the demand side," using tax reductions and subsidies to encourage the LBX Pharmacy Chain Joint Stock to "spend more," essentially changing from "advising you to eat more" to "directly handing out meal tickets."
– Combination of increasing income and reducing burdens:Departments are working overtime to formulate policies such as childcare subsidies and wage reforms, making the 'working people's' paychecks thicker and their childcare bills thinner.
Li Chunlin, deputy director of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that the "Special Action Plan to Boost Consumer Spending" emphasizes stabilizing the stock market and housing market for the first time in a document promoting consumption, and proposes corresponding measures to strengthen the spending confidence, expectations, and security of the LBX Pharmacy Chain Joint Stock.
This press conference collects key points, the "policy package" is open for discussion, read the exciting highlights quickly > >
–The "Stable Stock and Real Estate" initiative first appears in consumer promotion documents:The National Development and Reform Commission has for the first time included stock market and real estate stability in consumer promotion policies, intending to help stock investors "recover losses" and allow mortgage holders to "breathe easier," as only when wallets are fuller can people "buy, buy, buy."
– Demand side "red envelopes":The policy shifts from "supplying goods on the supply side" to "issuing money on the demand side," using tax reductions and subsidies to encourage the LBX Pharmacy Chain Joint Stock to "spend more," essentially changing from "advising you to eat more" to "directly handing out meal tickets."
– Combination of increasing income and reducing burdens:Departments are working overtime to formulate policies such as childcare subsidies and wage reforms, making the 'working people's' paychecks thicker and their childcare bills thinner.
Li Chunlin, deputy director of the National Development and Reform Commission, stated at a press conference held by the State Council Information Office that the "Special Action Plan to Boost Consumer Spending" emphasizes stabilizing the stock market and housing market for the first time in a document promoting consumption, and proposes corresponding measures to strengthen the spending confidence, expectations, and security of the LBX Pharmacy Chain Joint Stock.
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