Xinhua
24 Jun 2025, 22:07 GMT+10
BEIJING, June 24 (Xinhua) -- China on Tuesday unveiled guidelines on ramping up financial support to effectively boost consumption.
The guidelines, jointly issued by six state organs including the People's Bank of China, outline multiple measures targeting key areas of consumption.
The document calls for stronger financial support for both goods and services consumption.
The guidelines propose 19 key measures from six aspects, including supporting the enhancement of consumption capacity, expanding financial supply in the consumption sector and tapping residents' consumption potential.
It is necessary to strengthen the macroeconomic and financial foundation to support employment income growth for residents and cultivate consumption demand, according to the guidelines.
The authorities will reinforce incentives of structural monetary policy tools, increase credit support for key areas of service consumption, and develop diversified financing channels such as bonds and equity.
More will be done to increase financial support in key areas of consumption, innovate financial products based on consumption scenarios, and promote the efficiency of financial services in the consumer sector.
China will further optimize consumer payment services, improve credit system construction in the consumer sector, and enhance the protection of consumer financial rights, according to the guidelines.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationBEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...
(250624) -- TAIYUAN, June 24, 2025 (Xinhua) -- Chinese Vice Premier Zhang Guoqing, also a member of the Political Bureau of the Communist...
TIANJIN, June 24 (Xinhua) -- Amid bustling crowds at the ongoing Summer Davos Forum in north China's Tianjin, demonstrations of a humanoid...
CHENGDU, June 24 (Xinhua) -- Construction of supporting infrastructure for a cutting-edge solar telescope began Tuesday in Daocheng...
BEIJING, June 24 (Xinhua) -- China on Tuesday unveiled guidelines on ramping up financial support to effectively boost consumption....
BEIJING, June 24 (Xinhua) -- On the outskirts of Beijing, a self-driving bus navigated effortlessly through traffic, demonstrating...
BARCELONA, Spain: Residents of Barcelona have devised a novel way to protest the presence of tourists in their city. Using a cheap...
CHICAGO, Illinois: For the first time in history, U.S. officials are considering a coordinated plan to vaccinate poultry against bird...
NEW YORK, New York - U.S. stocks made strong gains on Monday, brushing off concerns Donald Trump's surprise ambush of Iranian nuclear...
NEW YORK CITY, New York: The U.S. bombing of Iranian nuclear sites has cast a shadow over global markets, with investors bracing for...
SANTAREM, Brazil: As Brazil cements its position as the world's top soy exporter, a new wave of deforestation is spreading across the...
ZURICH, Switzerland: A wave of central banks across Europe surprised markets last week by lowering interest rates, responding to easing...