The General Office of the CPC Central Committee and the General Office of the State Council issued the Special Action Plan for Boosting Consumption

The General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the Special Action Plan for Boosting Consumption, and issued a notice requiring all regions and departments to conscientiously implement it in light of actual conditions.

The full text of the Special Action Plan for Boosting Consumption is as follows.

In order to vigorously boost consumption, expand domestic demand in an all-round way, improve consumption capacity by increasing income and reducing burden, create effective demand by high-quality supply, optimize consumption environment and enhance consumption willingness, and specifically solve the prominent contradictions restricting consumption, this plan is hereby formulated for the implementation of the special action to boost consumption.

　 1、 Action to increase income of urban and rural residents

（1） We will promote a reasonable increase in wage income. We will implement employment support plans for key areas, key industries, urban and rural grassroots, small and medium-sized micro enterprises. We will continue to implement the policy of returning unemployment insurance to stable posts. Increase employment support and promote employment of key groups in light of changes in the situation. Focus on key areas and groups to carry out special skills training actions, improve diversified investment mechanisms, and do a good job in vocational skill grade evaluation. We will improve the mechanism for adjusting the minimum wage standard and raise it scientifically and rationally. We will intensify the implementation of work relief in key projects and small and medium-sized agricultural and rural infrastructure construction, and expand the scale of labor remuneration distribution.

（2） Broaden the channel of property income. We should take multiple measures to stabilize the stock market, strengthen the reserve of strategic forces and the construction of a market stabilizing mechanism, speed up the opening of the market blocking points for medium - and long-term funds such as commercial insurance funds, national social security funds, basic pension insurance funds, enterprise (occupational) pension funds, and strengthen the market value management of listed companies controlled by central enterprises and state-owned enterprises, Strictly crack down on financial fraud in the capital market and illegal share reduction of shareholders of listed companies in accordance with the law. Further enrich the bond related products suitable for individual investors to invest.

（3） We will take multiple measures to increase farmers' income. We will improve the income security mechanism for grain farmers and the income distribution mechanism for land appreciation, and explore ways to revitalize the use of legally owned housing by farmers through leasing, shareholding, cooperation, and other means. We will implement the action of improving rural low-income population's ability and income, continue to implement the plan of cultivating high-quality agricultural brands, implement the action of "three products and one standard" for agricultural products, and promote the consumption of green, organic, famous, special, new and geographical indication agricultural products. Cultivate new agricultural operation entities, develop courtyard economy, forest economy and home stay economy according to local conditions, implement subsidy policies for scrapping and renewal of agricultural machinery, and strengthen industrial cooperation with agriculture and agriculture.

（4） Solve the problem of arrears in a down-to-earth manner. Accelerate the implementation of repayment of arrears of enterprise accounts, compact the territorial responsibilities of local governments, "pay fast and pay as you go" for arrears of enterprises, especially small and medium-sized micro enterprises, strengthen audit supervision, strengthen dishonesty constraints, and improve the long-term mechanism for clearing up arrears.

　　 2、 Supporting actions for consumption capacity guarantee

（5） We will increase efforts to ensure fertility. Study and establish a child care subsidy system. We will guide places where conditions permit to include flexible employees, migrant workers, and people in new forms of employment who participate in basic medical insurance for employees into maternity insurance. We will implement the Pediatric Service Year and increase the supply of pediatric services. In the period of high incidence of seasonal diseases in children, the opening of pediatric doors (emergency) at night in general hospitals will be strengthened.

（6） Strengthen education support. We will expand the supply of educational resources for the net flow of school-age population into cities and towns. In 2025, the subsidy standard for some students will be increased, the policy coverage will be expanded, and the national student loan interest free and principal deferred repayment policy will continue to be implemented. Promote the establishment of disciplines and specialties in colleges and universities to closely link the innovation chain and industry chain, and improve the adaptability of talent training to the needs of economic and social development.

（7） Improve the ability of medical care and old-age security. We will improve the mechanism for rational adjustment of basic old-age insurance benefits, raise the basic pension and basic medical insurance subsidies for urban and rural residents in 2025, and appropriately increase the basic pension for retirees. We will fully implement the individual pension system. We will promote the abolition of household registration restrictions on flexible employment personnel to participate in basic pension and medical insurance in their places of employment, and expand the pilot program for occupational injury protection.

（8） We will ensure basic living standards for key groups. We will strengthen the dynamic monitoring of low-income population and help with stratified and classified assistance, promote and improve the basic living assistance system, improve the level of special assistance, and strengthen development assistance such as industrial employment. Strengthen the care service support for the elderly with complete disability. Places where conditions permit are encouraged to grant relief funds or additional one-off living subsidies to people in need in light of actual conditions. Timely and fully pay unemployment insurance benefits to eligible unemployed persons.

　　 3、 Actions to improve service consumption and benefit people

（9） Optimize the service supply of "one old and one small". We will promote the aging renovation of the whole society, support local pilot exploration, and promote the installation of elevators in multi-storey buildings and the development of catering services for the elderly as a whole. Actively develop anti-aging, silver tourism and other industries to release the potential of silver consumption market. Encourage the development of community embedded childcare, employing units to run childcare and childcare services. Support and standardize social forces to develop elderly care services, and improve the price formation mechanism of elderly care services. Encourage qualified places to give site support and operation subsidies to inclusive childcare institutions based on actual conditions.

（10） Promote consumption of living services. Strengthen the construction of service supply capacity, support the innovation of service consumption scenarios, business integration, and industrial agglomeration. Improve the quality of catering services and support local development of specialty catering. We will strengthen the training of domestic service, encourage more colleges and vocational schools to open domestic related majors, organize and implement the special training project for improving the quality and capacity of women's domestic service, and improve the standard and credit system of the domestic service industry. In combination with the construction of urban quarter hour convenient living circle and urban community embedded service facilities, we will speed up the allocation of community residents' service outlets such as shopping, catering, housekeeping and maintenance.

（11） We will expand consumption of cultural and sports tourism. Deepen the integration of online and offline, business travel, sports and sports, and diversified business consumption, and innovate diversified consumption scenarios. Support scenic spots and cultural relics institutions to expand service projects, reasonably extend business hours and expand reception scale. Support local governments to increase the supply of high-quality sports events and special sports events. We will optimize the approval process for commercial performances, sports events and various large-scale mass activities, increase the number of tickets available for sale (issuance) in a safe and controllable manner, strictly implement the responsibility system for reviewing the contents of the premiere of tour projects, and promote "one-time approval and nationwide tour".

（12） Promote ice and snow consumption. Launch and implement the ice and snow tourism promotion plan, organize consumption promotion activities such as ice and snow consumption season, build a number of high-quality ice and snow themed tourist attractions and resorts, and support regions rich in ice and snow resources to build world-famous high-quality ice and snow tourism destinations. Encourage all regions to enrich the supply of ice and snow fields and consumer products according to time and place.

（13） Develop inbound consumption. We will expand the scope of unilateral visa free countries in an orderly manner, and optimize and improve regional entry visa free policies. We will launch more high-quality inbound tourism routes and services, improve the level of tourism facilitation for overseas tourists in China, and foster international medical, exhibition and other markets. Deepen the cultivation and construction of international consumption center cities. Support the opening of duty-free stores at qualified city ports. Support more high-quality merchants to become departure tax rebate stores, and promote the "buy and return" service measures for shopping departure tax rebate.

（14） We will steadily expand the opening up of the service sector. We will expand the pilot program for opening up telecommunications, medical care, education and other fields. Focus on the upgrading demand of residents' consumption, and promote the import of high-quality life services such as medical care, culture and entertainment. We will promote the inclusion of service consumption items such as camping, home stay, property services, and "Internet+medical" in the list of industries that encourage foreign investment.

　 4、 Mass consumption updating and upgrading action

（15） We will increase support for trade in of consumer goods. We will make good use of the extra long term special treasury bond funds, support local efforts to expand the scope of consumer goods to trade in the old for the new, promote the green and intelligent upgrading of large durable consumer goods such as cars, home appliances, and home furnishings, support the purchase of qualified and safe electric bicycles, and implement subsidies for the purchase of three types of digital products: mobile phones, tablets, and smart watches (bracelets). We will promote the construction of pilot projects for the circulation of second-hand goods, foster diversified subjects for the circulation of second-hand goods, and innovate the circulation of second-hand goods.

（16） Better meet the demand for housing consumption. We will continue to vigorously promote the real estate market to stop falling and stabilize, intensify efforts to implement the reconstruction of villages in cities and dilapidated houses, and fully release the demand potential for rigid and improved housing. Special bonds are allowed to support urban governments to purchase commercial housing stocks as affordable housing. We will implement tax policies to promote the steady and healthy development of the real estate market. Reduce the interest rate of housing provident fund loans in due course. Expand the scope of use of housing provident fund, support depositors to apply for housing provident fund personal housing loans while withdrawing provident fund to pay down payment for housing purchase, increase support for housing rental withdrawal, and promote the pilot work of flexible employment personnel deposit.

（17） Extend the automobile consumption chain. Carry out the pilot reform of automobile circulation and consumption, and expand automobile aftermarket consumption such as automobile modification, leasing, sports events and RV camping. Cultivate and expand the business entities of second-hand cars, and continue to implement the facilitation measures such as "reverse invoicing" of second-hand car sales, and registration of non local transactions. Strengthen information sharing in the automotive field, support the development of third-party second-hand car information query platform, and promote the safe and convenient transaction of second-hand cars.

　 5、 Action to improve consumption quality

（18） Strengthen the leading role of consumer brands. Focusing on business, logistics, culture and tourism and other service areas, we have formulated policies to improve service quality by category and created more Chinese service brands. Integrate excellent Chinese traditional culture into product design, support the development of original intellectual property (IP) brands, promote the consumption of animation, games, e-sports and its surrounding derivatives, and explore the domestic and foreign incremental markets of "trendy products". Promote the first launch economy according to local conditions, and encourage domestic and foreign high-quality goods and service brands to open their first stores and hold their first show and exhibition. Support the promotion of new consumption formats and models. Organize and carry out a series of activities of "Buy in China" to build a square of famous consumer goods in China.

（19） We will support the accelerated development of new types of consumption. Deeply implement the digital consumption promotion action and vigorously cultivate quality e-commerce. Carry out "AI+" action, promote "AI+consumption", accelerate the development and application of new technologies and new products such as automatic driving, intelligent wear, ultra-high definition video, brain computer interface, robots, additive manufacturing, and open up a new track for high growth consumption. Carry out special actions on health consumption. We will accelerate the improvement of the regulatory system for the low altitude economy, and orderly develop low altitude consumption such as low altitude tourism, aviation sports, and consumer UAVs. Continue to enrich cruise routes and tourism products, and promote the convenience of yacht registration and filing.

（20） Improve the integration of domestic and foreign trade. Promote the convergence of domestic and foreign trade standards certification and other systems. We will support the expansion of domestic sales of foreign trade products, carry out the activities of China Travel for Foreign Trade Products, and guide foreign trade OEM enterprises to accelerate the cultivation of their own brands. Implement the domestic trade credit insurance policy to support the integration of domestic and foreign trade.

　　 6、 Actions to improve the consumption environment

（21） Guarantee the rights and interests of rest and vacation. Strictly implement the paid annual leave system, and take the implementation of paid annual leave as an important part of the trade union's protection of workers' rights and interests. The organization department of the local party committee and the human resources and social security department strengthen the regular supervision of the implementation of the rest and vacation system of each unit, and take the implementation of paid annual leave as the key supervision content. Encourage paid annual leave and small and long leave to realize flexible peak shift leave. The rights and interests of workers for rest and vacation shall be protected in accordance with the law, and the working hours of workers shall not be extended in violation of the law. Encourage places where conditions permit to set up spring and autumn vacations for primary and secondary schools in combination with practical exploration.

（22） Create a comfortable consumption environment. Implement the three-year action to optimize the consumption environment, further improve quality standards, credit constraints, comprehensive governance, and consumer rights protection [Download Black Cat Complaint Client] and other systems. We will improve the system of consumer standards for consumer goods and services, strengthen the construction of a credit system in the field of consumption, improve the mechanism for resolving multiple consumer disputes, and promote a more efficient way of safeguarding consumer rights. We will standardize the unreasonable business practices in the field of online sales and live streaming, such as "the lowest price in the whole network", advocate real price and high quality, crack down on the sale of counterfeit and shoddy products in accordance with the law, and strengthen the supervision of defective product recalls. We will deepen the management of TV charges and complicated operations.

（23） Improve urban and rural consumption facilities. We will deepen the implementation of county-level commercial construction and the upgrading of "thousands of stores", and strengthen the construction of county-level logistics distribution centers and rural terminal logistics distribution facilities. Actively develop smart business districts, immersive experience spaces, etc., and promote the transformation of traditional department stores and other physical stores into new business places. We will increase support for business venues, public transport capacity, temporary parking spaces and other supporting facilities in areas with concentrated nighttime consumption.

　　 7、 Limiting measures cleaning and optimization action

（24） Orderly reduce consumption restrictions. The relevant departments in all regions should, in light of the actual situation, timely clear up unreasonable restrictions on consumption, and should not engage in "one size fits all" and layer upon layer overweight. Promote the transformation of automobile and other consumption from purchase management to use management, and guarantee the purchase demand of car free families with "long swing" by years. Guide local people to carry out traditional folk consumption activities in an orderly manner. Ensure that all kinds of business entities participate in the procurement of social groups equally, and do not set purchase thresholds such as ownership and merchant rating in disguised form.

（25） Continuously optimize the business environment. We will improve the negative list management model for market access, focus on environmental protection, health, security, quality inspection, fire control and other fields, thoroughly clean up and rectify various market access barriers, and create a stable, fair, transparent and predictable market environment. Encourage all regions to simplify the approval process for promotional activities, community fairs, outdoor displays, signboard facilities, etc., and implement online reporting and handling. Improve the efficiency of supervision and spot check by means of cross sectoral cooperation, and disturb the public consumption places.

　 8、 Improve support policies

（26） Strengthen the coordination and linkage of consumption promotion policies. We will reform and improve the system and mechanism for promoting consumption, improve and make good use of the working mechanism for assessing the consistency of macro policy orientation, strengthen the coordination between fiscal, taxation, finance, industry, investment and other policies and consumption policies, promote the same direction and form joint forces, and build a policy system that is more conducive to promoting consumption.

（27） Strengthen the supporting role of investment on consumption. We will better balance investment and consumption, expand effective investment in consumer infrastructure, consumer service function improvement, new forms of consumption and new models, and promote the benign mutual promotion of investment efficiency improvement and consumption expansion and upgrading. The central budget investment and other efforts will be made to support the construction of projects in the fields of education, health care, skills training, old-age care, culture, tourism and sports, and make up for the shortcomings of public services. Support eligible projects in consumption, cultural tourism and other fields to issue REITs in infrastructure.

（28） Give play to the leading role of fiscal policy. We will use policy tools such as financial subsidies and interest discounts on loans to highlight the key points and implement precise policies. We will combine promoting consumption with benefiting people's livelihood and making up for weaknesses, expand consumption demand, improve consumption capacity, and better play the positive role of consumption in smoothing the national economic cycle and stimulating economic growth.

（29） Strengthen credit support. Financial institutions are encouraged to increase the supply of personal consumer loans under the premise of controllable risks, and reasonably set the amount, term and interest rate of consumer loans. Support financial institutions to optimize the repayment method of personal consumption loans in accordance with the principle of marketization and legalization, and carry out loan renewal work in an orderly manner. In 2025, financial discount will be given to eligible personal consumption loans and loans to service industry operators in the consumption field.

（30） We will improve consumer support measures. Trade unions at all levels are encouraged to spend their funds on holiday products, employee fitness, culture and sports and other consumption areas. Strengthen the implementation of consumer assistance, and strengthen the precise docking of production and marketing. Explore award-winning invoice activities. We will improve the statistical monitoring of service consumption, new forms of consumption, and new models of consumption, strengthen the statistics of online retail sales of physical goods by buyers in different regions, and improve the system of comprehensive consumption statistics.

All regions and departments should put boosting consumption in a more prominent position, earnestly fulfill their responsibilities according to the division of responsibilities, strengthen coordination and linkage, improve the working mechanism, explore practical measures according to local conditions, accelerate the formation of joint efforts, stabilize market expectations, and solidly promote the implementation of various policies and measures to boost consumption faster and better.

　 Extended explanation on the Special Action Plan for Boosting Consumption

introduction

Consumption is an important engine of economic growth and a key link in promoting the domestic cycle and building a new development pattern. The Special Action Plan for Boosting Consumption (hereinafter referred to as the Plan) issued by the General Office of the CPC Central Committee and the General Office of the State Council aims to expand domestic demand in an all-round way, improve consumption capacity, optimize the consumption environment and solve the outstanding problems restricting consumption through a series of policies and measures. This paper will extend the explanation of the Plan from three dimensions of practicality, scholarship and visibility, and explore its policy connotation, implementation path and potential impact.

　 1、 Policy background and significance

economic background

In recent years, the global economic recovery has been sluggish, the uncertainty of external demand has increased, and the domestic economy is facing downward pressure. As one of the "troika" driving economic growth, consumption has become increasingly important. However, due to the impact of the epidemic, slowing income growth, insufficient consumer confidence and other factors, the domestic consumer market has recovered slowly. Therefore, the introduction of the Special Action Plan for Boosting Consumption has important practical significance.

Policy significance

The introduction of the Plan marks the further upgrading of China's consumption policy, aiming to promote the recovery of the consumer market and enhance the endogenous power of economic growth through systematic and comprehensive policy measures. This will not only help stabilize the overall economy, but also promote employment, improve people's livelihood and promote high-quality economic development.

　 2、 Policy highlights and innovation

Action to increase income of urban and rural residents

The Plan proposes to improve residents' consumption ability by promoting reasonable growth of wage income, broadening property income channels, promoting farmers' income and other measures. Especially for the increase of farmers' income, innovative measures such as revitalizing rural idle resources and developing courtyard economy are proposed, which will help to narrow the urban-rural income gap and release rural consumption potential.

Supporting actions for consumption capacity guarantee

The Plan puts forward a series of safeguard measures in the fields of childbearing, education, medical care and old-age care, aiming to alleviate residents' worries and enhance consumer confidence. For example, the research on the establishment of child care subsidy system, the improvement of basic pension for urban and rural residents and other policies have directly increased the disposable income of residents and enhanced their consumption capacity.

Actions to improve service consumption and benefit people

The Plan emphasizes optimizing the service supply of "one old and one young", promoting the consumption of life services, expanding the consumption of cultural and sports tourism, etc. In particular, specific measures have been put forward in the fields of ice and snow consumption and inbound consumption, such as building ice and snow themed tourist attractions, optimizing visa free policies for entry, etc., which will help promote the upgrading of service consumption and cultivate new consumption growth points.

Mass consumption updating and upgrading action

The Plan proposes to increase support for trade in of consumer goods, and promote the green and intelligent upgrading of large durable consumer goods such as automobiles and household appliances. This policy not only helps stimulate short-term consumption, but also promotes industrial upgrading, green consumption and sustainable development.

Actions to improve the consumption environment

The Plan emphasizes protecting the rights and interests of rest and vacation, creating a comfortable consumption environment, and improving urban and rural consumption facilities. In particular, it is proposed to strictly implement the paid annual leave system and encourage flexible peak shift leave, which will help to release the consumption potential of residents and improve the consumption experience.

　　 3、 Implementation path and challenges

Implementation path

The implementation of the Plan requires the coordination of governments at all levels, enterprises and all sectors of society. First of all, the local government should formulate specific implementation rules according to the local actual situation to ensure that the policy is effective. Secondly, enterprises should actively respond to the policy call, improve the quality of products and services, and meet the diversified needs of consumers. Finally, all sectors of society should strengthen supervision to ensure fairness and transparency in policy implementation.

Potential challenges

Although the Plan has put forward a number of innovative measures, it still faces some challenges in the implementation process. For example, how to ensure the effective use of policy funds, how to balance short-term stimulus and long-term sustainable development, and how to deal with the uncertainty of the international environment. The solution of these problems requires the joint efforts of the government, enterprises and all sectors of society.

　　 4、 Policy analysis from an academic perspective

Combination of consumption theory and policy practice

From the perspective of consumption theory, the Plan reflects the idea of Keynesian economics to stimulate economic growth by increasing residents' income and improving consumption capacity. At the same time, the policy also incorporates the concept of behavioral economics, such as influencing consumers' decision-making behavior by optimizing the consumption environment and enhancing consumer confidence.

Evaluation and prediction of policy effects

From the perspective of academic research, we can evaluate the effect of various policies in the Plan by building an econometric model in the future. For example, by analyzing the relationship between residents' income growth and consumption expenditure, evaluate the effect of income increase policies; By comparing the consumption data of different regions, evaluate the effect of the consumption environment improvement policy.

　　 5、 Practical and viewable suggestions

Practical suggestions

For ordinary consumers, many policies in the Program are directly related to daily life. For example, consumers can focus on the old for new policy, timely replace old household appliances, cars, etc., and enjoy policy dividends. At the same time, consumers should actively safeguard their own rights and interests, such as using the paid annual leave system to reasonably arrange vacation time and improve the quality of life.

Visibility suggestions

In order to let more readers understand the content and significance of the Plan, the readability of the article can be enhanced through case analysis, data visualization and other methods. For example, by showing the change of consumption data after the implementation of the old for new policy in a certain place, the policy effect can be intuitively presented; The changes in the income gap between urban and rural residents are shown in the chart, highlighting the pulling effect of policies on rural consumption.

　　 epilogue

The Special Action Plan for Boosting Consumption is an important policy document to promote consumption upgrading and economic growth in the new stage of development. Through systematic and comprehensive policy measures, the program is expected to play an important role in improving residents' consumption capacity, optimizing consumption environment, promoting industrial upgrading, etc. However, the successful implementation of the policy requires the joint efforts of governments at all levels, enterprises and all sectors of society. In the future, with the gradual implementation of policies, China's consumer market is expected to usher in a new round of growth, which will inject strong impetus into high-quality economic development.