{"id":14435,"date":"2024-08-14T06:30:00","date_gmt":"2024-08-14T06:30:00","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=14435"},"modified":"2025-04-23T08:58:44","modified_gmt":"2025-04-23T08:58:44","slug":"chinas-new-action-plan-to-boost-domestic-consumption","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/chinas-new-action-plan-to-boost-domestic-consumption\/","title":{"rendered":"China\u2019s new action plan to boost domestic consumption"},"content":{"rendered":"\n

Although summer events like the Olympics and Qixi Festival have seen many Chinese consumers spending again, flagging consumer demand is still an economic headache<\/h2>\n\n\n\n

On Saturday, 3 August, the State Council, China\u2019s highest administrative governing body, issued a wide range of suggested consumption-boosting steps to all levels of government. The steps (available in Chinese here<\/a>) aim to address China\u2019s ongoing struggle with poor consumer demand, which is proving to be a drag on GDP growth.<\/p>\n\n\n

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Some of the key consumption-boosting measures included:<\/p>\n\n\n\n

Catering: <\/strong>The government aims to boost the catering sector through food culture (e.g., food festivals, unearthing and developing local foods, tying tourist locations such as villages to signature dishes) and encouraging international catering brands to establish operations in China.<\/p>\n\n\n\n

Accommodation:<\/strong> The tourism sector has been doing well in recent months, and the government hopes to build on this success by better integrating accommodation with tourist sites, improving the foreign-related services provided by hotels (a key complaint for some foreign visitors to China, as we wrote<\/a> earlier this year) and revitalising idle rural houses to be used as rural hotels and homestay inns.<\/p>\n\n\n\n

Tourism & Entertainment:<\/strong><\/p>\n\n\n\n