The General Offices of the Central Committee of the Communist Party of China and the State Council jointly issued the 'Special Action Plan to Boost Consumption'.

Recently, 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 to Boost Consumption" and issued a notice requiring all regions and departments to earnestly implement it in light of their actual situations.
The full text of the "Special Action Plan to Boost Consumption" is as follows.

In order to vigorously boost consumption, comprehensively expand domestic demand, enhance consumption capacity by increasing income and reducing burdens, create effective demand with high-quality supply, enhance consumption willingness by optimizing the consumption environment, and address prominent contradictions that restrict consumption, this plan is formulated for the implementation of the special action to boost consumption.
I. Action to Promote Income Increase for Urban and Rural Residents
(1) Promote reasonable growth of wage income. Implement employment support plans for key areas, key industries, urban and rural grassroots, and small and micro enterprises. Continue to implement the unemployment insurance steady employment return policy. Increase employment support efforts in line with changes in the situation, and promote employment among key groups. Focus on key areas and key groups to carry out special skills training actions, improve the diversified investment mechanism, and do a good job in occupational skills level evaluation. Improve the adjustment mechanism for the minimum wage standard, and scientifically and reasonably raise the minimum wage standard. Increase the implementation of the "work-for-relief" approach in key projects and the construction of small and medium-sized agricultural and rural infrastructure, and expand the scale of labor remuneration distribution.
(2) Expand channels for property income. Take multiple measures to stabilize the stock market, strengthen the reserve of strategic forces and the construction of market stabilization mechanisms, accelerate the removal of bottlenecks for the entry of long-term funds such as commercial insurance funds, the National Social Security Fund, the basic pension insurance fund, and enterprise (occupation) annuity funds, strengthen the market value management of central and state-owned enterprises' controlling listed companies, and severely crack down on financial fraud in the capital market and illegal reductions in holdings by listed company shareholders. Further enrich the varieties of bond-related products suitable for individual investors.
(3) Take multiple measures to promote farmers' income increase. Improve the mechanism for guaranteeing the income of grain farmers and the mechanism for distributing land appreciation income, and explore ways to revitalize and utilize the legally owned housing of farmers through leasing, shareholding, and cooperation. Implement the action to improve the ability and increase the income of low-income rural populations, continuously implement the agricultural Brand cultivation plan, implement the "three products and one standard" action for agricultural products, and promote the consumption of green, organic, special, high-quality, new, and geographically indicated agricultural products. Cultivate new agricultural business entities, develop courtyard economy, forest economy, and homestay economy according to local conditions, implement the policy of subsidies for the scrapping and renewal of agricultural machinery, and strengthen industrial links with farmers.
(4) Resolutely address the issue of overdue accounts payable. Accelerate the implementation of the work to repay overdue accounts payable to enterprises, consolidate the local government's responsibility for the area, ensure that overdue accounts payable to enterprises, especially small and micro enterprises, are "paid quickly and paid in full", strengthen audit supervision, strengthen the constraints of dishonesty, and improve the long-term mechanism for clearing overdue accounts.
 II. Action to Support and Guarantee Consumption Capacity
(5) Increase support for childbearing and child-rearing. Study the establishment of a childcare subsidy system. Guide eligible areas to include flexibly employed personnel, migrant workers, and new employment forms participating in the basic medical insurance for employees into maternity insurance. Implement the annual action for pediatric services and increase the supply of pediatric services. During the peak season of seasonal diseases in children, increase the opening hours of pediatric outpatient (emergency) clinics in comprehensive hospitals at night.
(6) Strengthen education support. Expand the supply of educational resources in urban areas with a net inflow of school-age population. In 2025, raise the standard of subsidies for some students, expand the coverage of policies, and continue to implement the interest-free policy for national student loans and the postponement of principal repayment. Promote the close alignment of the setting of disciplines and majors in higher education with the innovation chain and industrial chain, and improve the adaptability of talent cultivation to the needs of economic and social development.
(7) Improve medical and pension security capabilities. Improve the reasonable adjustment mechanism for basic pension insurance benefits, raise the fiscal subsidy standards for urban and rural residents' basic pensions and basic medical insurance in 2025, and appropriately raise the basic pensions for retirees. Fully implement the personal pension system. Promote the cancellation of household registration restrictions for flexibly employed personnel participating in basic pension and medical insurance in their place of employment, and expand the pilot program for occupational injury protection.
(8) Guarantee the basic livelihood of key groups. Strengthen dynamic monitoring and tiered and classified assistance and support for low-income populations, promote the improvement of the basic livelihood assistance system, improve the level of special assistance, and strengthen development-oriented assistance such as industry and employment. Strengthen care services for completely disabled elderly people. Encourage eligible areas to provide financial assistance or additional one-time living subsidies to people in need in accordance with their actual situations. Timely and fully provide unemployment insurance benefits and other benefits to eligible unemployed persons.
 III. Action to Improve and Benefit the People through Service Consumption
(9) Optimize the supply of services for the elderly and children. Promote the aging-friendly transformation of the whole society, support local pilot explorations, and comprehensively promote the installation of elevators in multi-story buildings and the development of elderly meal assistance services. Actively develop industries such as anti-aging and silver-haired tourism to unleash the potential of the silver-haired consumer market. Encourage the development of community-embedded childcare, childcare by employers, and integrated childcare and preschool education services. Support and regulate the development of elderly care and childcare services by social forces, and improve the price formation mechanism for elderly care services. Encourage eligible areas to provide site support and operational subsidies to inclusive childcare institutions in accordance with their actual situations.
(10) Promote consumption of living services. Strengthen the construction of service supply capacity, support the innovation of service consumption scenarios, industry integration, and industrial agglomeration. Improve the quality of catering services and support local development of characteristic catering. Increase the intensity of training for household service personnel, encourage more universities and vocational schools to offer household-related majors, organize and implement the special training project for improving the quality and expanding the scale of women's household services, and improve the standard and normative system and credit system of the household service industry. Combined with the construction of 15-minute convenient living circles in cities and embedded service facilities in urban communities, accelerate the completion of community resident service outlets such as shopping, catering, household services, and repairs.
(11) Expand cultural, sports, and tourism consumption. Deepen the integration of online and offline, commercial, tourism, cultural, sports, and health industries, and innovate diversified consumption scenarios. Support tourist attractions and cultural and museum units to expand service projects, reasonably extend operating hours, and expand reception scale. Support various places to increase the supply of high-quality sports projects and characteristic sports events. Optimize the approval process for commercial performances, sports events, and various large-scale mass activities, safely and controllably increase the number of tickets available for sale (issuance), strictly implement the content review responsibility system for the premiere location of touring performances, and implement "one-time approval, nationwide tour".
(12) Promote ice and snow consumption. Launch and implement the ice and snow tourism improvement plan, organize and carry out ice and snow consumption seasons and other consumption-promoting activities, build a number of high-quality ice and snow-themed tourist attractions and resorts, and support ice and snow-rich areas in building world-renowned high-quality ice and snow tourism destinations. Encourage various places to enrich the supply of ice and snow venues and consumption products according to time and place.
(13) Develop inbound consumption. Orderly expand the scope of unilateral visa-free countries and optimize and improve regional visa-free policies. Launch more high-quality inbound tourism routes and services, improve the convenience of foreign tourists traveling in China, and cultivate international markets such as medical care and exhibitions. Deepen the cultivation and construction of international consumption centers. Support the opening of duty-free shops at ports in cities with the necessary conditions. Support more high-quality merchants to become departure tax refund stores, and promote the "buy and refund immediately" service measures for shopping departure tax refunds.
(14) Steadily promote the expansion of opening up in the service sector. Expand pilot programs for opening up in areas such as telecommunications, medical care, and education. Focusing on the needs of residents' consumption upgrades, promote the import of high-quality life-related services such as medical and health and cultural entertainment. Promote the inclusion of service consumption items such as camping, homestays, property services, and "Internet + medical care" in the encouraged foreign investment industry catalog.
IV. Action to Update and Upgrade Bulk Consumption
(15) Increase support for consumer goods trade-in. Make good use of the funds from ultra-long-term special government bonds to support local governments in expanding the implementation of consumer goods trade-in, promote the green and intelligent upgrading of large durable consumer goods such as automobiles, home appliances, and home decoration, support the replacement of qualified and safe electric bicycles, and implement purchase subsidies for three categories of digital products: mobile phones, tablets, and smart watches (wristbands). Promote the pilot construction of second-hand goods circulation, cultivate diversified second-hand goods circulation entities, and innovate second-hand goods circulation methods.
(16) Better meet the demand for housing consumption. Continue to work hard to promote the stabilization of the real estate market, intensify the implementation of urban village and dilapidated house renovation, and fully unleash the potential demand for both rigid and improved housing. Allow special bonds to support municipal governments in acquiring existing commercial housing for use as affordable housing. Implement relevant tax policies to promote the steady and healthy development of the real estate market. Reduce the interest rate of housing provident fund loans in a timely manner. Expand the scope of use of housing provident funds, support members in applying for personal housing provident fund loans while withdrawing provident funds to pay down payments for housing purchases, increase support for rental housing withdrawals, and promote pilot work for flexible employment personnel's contributions.
(17) Extend the automotive consumption chain. Carry out pilot reforms in automobile circulation consumption, expand the consumption of automobile aftermarkets such as automobile modification, leasing, racing, and RV camping. Cultivate and develop second-hand car operators, continue to implement convenient measures such as "reverse invoicing" for second-hand car sales and cross-regional transaction registration. Strengthen information sharing in the automotive field, support the development of third-party second-hand car information query platforms, and promote safe and convenient transactions of second-hand cars.
V. Consumer Quality Improvement Action
(18) Strengthen the leading role of consumer brands. Focusing on the service sectors such as commerce, logistics, and tourism, formulate differentiated policies to improve service quality, and create more Chinese service brands. Integrate excellent traditional Chinese culture into product design, support the development of original intellectual property (IP) brands, promote consumption of animation, games, e-sports and their peripheral derivative products, and open up incremental markets for domestic "trendy products" at home and abroad. Promote the first-launch economy in a targeted manner, and encourage domestic and foreign high-quality goods and service brands to open flagship stores, hold first launches, first shows, and first exhibitions. Support and promote new consumer formats and models. Organize and carry out a series of "Made in China" activities and create an array of famous Chinese consumer goods.
(19) Support the accelerated development of new types of consumption. Deeply implement the digital consumption enhancement action and vigorously cultivate quality e-commerce. Carry out the "Artificial Intelligence +" action, promote "Artificial Intelligence + Consumption", accelerate the development and application promotion of new technologies and products such as autonomous driving, smart wearables, ultra-high-definition video, brain-computer interfaces, robots, and additive manufacturing, and open up new high-growth consumption tracks. Carry out a special action on healthy consumption. Accelerate the improvement of the low-altitude economy regulatory system and orderly develop low-altitude tourism, aviation sports, consumer-grade drones and other low-altitude consumption. Continuously enrich cruise routes and tourism products, and promote the convenience of yacht registration and reporting.
(20) Improve the level of integration of domestic and foreign trade. Promote the convergence and integration of domestic and foreign trade standards and certifications. Support the domestic sales of foreign trade products, carry out "Foreign Trade Excellence Products Tour of China" activities, and guide foreign trade processing enterprises to accelerate the cultivation of their own brands. Implement domestic trade credit insurance policies to support the integration of domestic and foreign trade.
VI. Consumer Environment Improvement and Enhancement Action
(21) Guarantee the right to rest and holidays. Strictly implement the paid annual leave system, and include the implementation of paid annual leave as an important part of trade unions' efforts to protect the rights and interests of employees. Local party committees' organization departments and HR departments strengthen routine supervision of the implementation of the rest and holiday systems in various units, and include the implementation of paid annual leave as a key supervision item. Encourage paid annual leave to be taken together with short holidays to achieve flexible staggered holidays. Legally protect employees' right to rest and holidays, and it is prohibited to illegally extend employees' working hours. Encourage places with conditions to explore setting up spring and autumn breaks for primary and secondary schools according to their actual situations.
(22) Create a reassuring consumption environment. Implement a three-year action plan to optimize the consumption environment, further improve the systems of quality standards, credit constraints, comprehensive governance, and consumer rights protection. Improve the consumption product and service consumption standard system, strengthen the construction of the credit system in the consumption field, improve the diversified dispute resolution mechanism for consumption, and promote more efficient ways of protecting consumer rights. Regulate unreasonable business practices such as "the lowest price online" in the fields of online sales and live streaming, advocate for genuine prices and quality, severely crack down on the sale of counterfeit and substandard products according to law, and strengthen the supervision of the recall of defective products. Deepen the governance of layered television charges and complex operations.
(23) Improve urban and rural consumption facilities. Deeply implement the county commercial construction action and the "Thousands of Collections and Ten Thousands of Stores" transformation and upgrading, 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 commercial venues. Increase support for supporting facilities such as operating activity venues, public transportation capacity, and temporary parking spaces in night consumption gathering areas.
VII. Action to Clear and Optimize Restrictive Measures
(24) Orderly reduce consumption restrictions. All regions and relevant departments should, in conjunction with actual conditions, promptly clear unreasonable restrictions on consumption, and must not adopt "one-size-fits-all" approaches or add layers of restrictions. Promote the transformation of consumption such as automobiles from purchase management to use management, and guarantee the car purchase needs of carless families who have been unable to obtain licenses for many years according to the age of the car. Guide local areas to carry out traditional folk custom consumption activities in an orderly manner. Ensure that various business entities participate equally in social group purchasing, and must not set disguised thresholds such as ownership and merchant rating for purchasing.
(25) Continuously optimize the business environment. Improve the management model of the negative list for market access, focusing on fields such as environmental protection, sanitation, security, quality inspection, and fire protection, to thoroughly investigate and rectify various barriers to market access, and create a stable, fair, transparent, and predictable market environment. Encourage various regions to simplify approval procedures for promotional activities, community markets, outdoor displays, and sign facilities, and implement online immediate reporting and immediate processing. Enhance the efficiency of regulatory inspections through inter-departmental joint efforts, and avoid unnecessary disturbances to public consumption venues.
VIII. Improving Supporting Policies
(26) Strengthen the coordinated and linked efforts of pro-consumption policies. Reform and improve the mechanism for promoting consumption, improve and make good use of the mechanism for assessing the consistency of macroeconomic policy orientations, strengthen the coordination of fiscal and taxation, financial, industrial, and investment policies with consumption policies, promote concerted efforts, and form a joint force, and build a policy system that is more conducive to promoting consumption.
(27) Strengthen the supporting role of investment in consumption. Better coordinate investment and consumption, expand effective investment in consumer infrastructure, consumer service function improvement, and new consumer formats and models, and promote the benign interaction between improved investment efficiency and the expansion and upgrading of consumption. Central budgetary investment and other measures will vigorously support the construction of projects in fields such as education, medical care, skills training, elderly care, childcare, tourism, and sports, and make up for shortcomings in public services. Support eligible projects in the fields of consumption and cultural tourism to issue Real Estate Investment Trusts (REITs) in the infrastructure sector.
(28) Give full play to the guiding and driving role of fiscal policy. Use policy tools such as fiscal subsidies and loan interest rate subsidies, highlight key areas, implement precise policies, combine promoting consumption with benefiting the people's livelihood and making up for shortcomings, expand consumer demand, enhance consumer capabilities, and better play the positive role of consumption in promoting the smooth flow of the national economic cycle and driving economic growth.
(29) Strengthen credit support. Encourage financial institutions to increase the intensity 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 personal consumer loan repayment methods according to market-oriented and legalized principles, and orderly carry out renewal work. In 2025, fiscal interest subsidies will be provided for eligible personal consumer loans and loans for service-related business entities in the consumption field.
(30) Improve supporting measures for consumption. Encourage trade unions at all levels to use their funds in areas such as festival gifts, employee fitness, and cultural and sports activities. Strengthen the implementation of consumption assistance and enhance precise production-sales docking. Explore the implementation of prize-winning invoice activities. Improve the statistical monitoring of service consumption and new formats and models of consumption, strengthen the statistics of online retail sales of physical goods by region for buyers, and improve the comprehensive consumption statistical system.
All regions and departments should give greater prominence to boosting consumption, fulfilling their responsibilities according to their respective duties, strengthening coordination and collaboration, improving work mechanisms, exploring practical measures in a targeted manner, accelerating the formation of joint efforts, stabilizing market expectations, and ensuring that policies to boost consumption are implemented more quickly and effectively. (Source: Xinhua News Agency)

Recently, 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 to Boost Consumption" and issued a notice requiring all regions and departments to earnestly implement it in light of their own realities.
The full text of the "Special Action Plan to Boost Consumption" is as follows.
 In order to vigorously boost consumption, comprehensively expand domestic demand, enhance consumption capacity by increasing income and reducing burdens, create effective demand through high-quality supply, enhance consumption willingness by optimizing the consumption environment, and address prominent issues that restrict consumption, this plan is formulated for implementing a special action to boost consumption.
I. Action to Promote Income Increase for Urban and Rural Residents
(1) Promote reasonable growth of wage income. Implement employment support plans for key areas, key industries, urban and rural grassroots, and small and micro enterprises. Continue to implement the unemployment insurance steady employment return policy. Increase employment support efforts in line with changes in the situation, and promote employment among key groups. Focus on key areas and key groups to carry out special skills training actions, improve the diversified investment mechanism, and do a good job in occupational skills level evaluation. Improve the adjustment mechanism for the minimum wage standard, and scientifically and reasonably raise the minimum wage standard. Increase the implementation of the "work-for-relief" approach in key projects and the construction of small and medium-sized agricultural and rural infrastructure, and expand the scale of labor remuneration distribution.
(2) Expand channels for property income. Take multiple measures to stabilize the stock market, strengthen the reserve of strategic forces and the construction of market stabilization mechanisms, accelerate the removal of bottlenecks for the entry of long-term funds such as commercial insurance funds, the National Social Security Fund, the basic pension insurance fund, and enterprise (occupation) annuity funds, strengthen the market value management of central and state-owned enterprises' controlling listed companies, and severely crack down on financial fraud in the capital market and illegal reductions in holdings by listed company shareholders. Further enrich the varieties of bond-related products suitable for individual investors.
(3) Take multiple measures to promote farmers' income increase. Improve the mechanism for guaranteeing the income of grain farmers and the mechanism for distributing land appreciation income, and explore ways to revitalize and utilize the legally owned housing of farmers through leasing, shareholding, and cooperation. Implement the action to improve the ability and increase the income of low-income rural populations, continuously implement the agricultural Brand cultivation plan, implement the "three products and one standard" action for agricultural products, and promote the consumption of green, organic, special, high-quality, new, and geographically indicated agricultural products. Cultivate new agricultural business entities, develop courtyard economy, forest economy, and homestay economy according to local conditions, implement the policy of subsidies for the scrapping and renewal of agricultural machinery, and strengthen industrial links with farmers.
(4) Resolutely address the issue of overdue accounts payable. Accelerate the implementation of the work to repay overdue accounts payable to enterprises, consolidate the local government's responsibility for the area, ensure that overdue accounts payable to enterprises, especially small and micro enterprises, are "paid quickly and paid in full", strengthen audit supervision, strengthen the constraints of dishonesty, and improve the long-term mechanism for clearing overdue accounts.
 II. Action to Support and Guarantee Consumption Capacity
(5) Increase support for childbearing and child-rearing. Study the establishment of a childcare subsidy system. Guide eligible areas to include flexibly employed personnel, migrant workers, and new employment forms participating in the basic medical insurance for employees into maternity insurance. Implement the annual action for pediatric services and increase the supply of pediatric services. During the peak season of seasonal diseases in children, increase the opening hours of pediatric outpatient (emergency) clinics in comprehensive hospitals at night.
(6) Strengthen education support. Expand the supply of educational resources in urban areas with a net inflow of school-age population. In 2025, raise the standard of subsidies for some students, expand the coverage of policies, and continue to implement the interest-free policy for national student loans and the postponement of principal repayment. Promote the close alignment of the setting of disciplines and majors in higher education with the innovation chain and industrial chain, and improve the adaptability of talent cultivation to the needs of economic and social development.
(7) Improve medical and pension security capabilities. Improve the reasonable adjustment mechanism for basic pension insurance benefits, raise the fiscal subsidy standards for urban and rural residents' basic pensions and basic medical insurance in 2025, and appropriately raise the basic pensions for retirees. Fully implement the personal pension system. Promote the cancellation of household registration restrictions for flexibly employed personnel participating in basic pension and medical insurance in their place of employment, and expand the pilot program for occupational injury protection.
(8) Guarantee the basic livelihood of key groups. Strengthen dynamic monitoring and tiered and classified assistance and support for low-income populations, promote the improvement of the basic livelihood assistance system, improve the level of special assistance, and strengthen development-oriented assistance such as industry and employment. Strengthen care services for completely disabled elderly people. Encourage eligible areas to provide financial assistance or additional one-time living subsidies to people in need in accordance with their actual situations. Timely and fully provide unemployment insurance benefits and other benefits to eligible unemployed persons.
 III. Action to Improve and Benefit the People through Service Consumption
(9) Optimize the supply of services for the elderly and children. Promote the aging-friendly transformation of the whole society, support local pilot explorations, and comprehensively promote the installation of elevators in multi-story buildings and the development of elderly meal assistance services. Actively develop industries such as anti-aging and silver-haired tourism to unleash the potential of the silver-haired consumer market. Encourage the development of community-embedded childcare, childcare by employers, and integrated childcare and preschool education services. Support and regulate the development of elderly care and childcare services by social forces, and improve the price formation mechanism for elderly care services. Encourage eligible areas to provide site support and operational subsidies to inclusive childcare institutions in accordance with their actual situations.
(10) Promote consumption of living services. Strengthen the construction of service supply capacity, support the innovation of service consumption scenarios, industry integration, and industrial agglomeration. Improve the quality of catering services and support local development of characteristic catering. Increase the intensity of training for household service personnel, encourage more universities and vocational schools to offer household-related majors, organize and implement the special training project for improving the quality and expanding the scale of women's household services, and improve the standard and normative system and credit system of the household service industry. Combined with the construction of 15-minute convenient living circles in cities and embedded service facilities in urban communities, accelerate the completion of community resident service outlets such as shopping, catering, household services, and repairs.
(11) Expand cultural, sports, and tourism consumption. Deepen the integration of online and offline, commercial, tourism, cultural, sports, and health industries, and innovate diversified consumption scenarios. Support tourist attractions and cultural and museum units to expand service projects, reasonably extend operating hours, and expand reception scale. Support various places to increase the supply of high-quality sports projects and characteristic sports events. Optimize the approval process for commercial performances, sports events, and various large-scale mass activities, safely and controllably increase the number of tickets available for sale (issuance), strictly implement the content review responsibility system for the premiere location of touring performances, and implement "one-time approval, nationwide tour".
(12) Promote ice and snow consumption. Launch and implement the ice and snow tourism improvement plan, organize and carry out ice and snow consumption seasons and other consumption-promoting activities, build a number of high-quality ice and snow-themed tourist attractions and resorts, and support ice and snow-rich areas in building world-renowned high-quality ice and snow tourism destinations. Encourage various places to enrich the supply of ice and snow venues and consumption products according to time and place.
(13) Develop inbound consumption. Orderly expand the scope of unilateral visa-free countries and optimize and improve regional visa-free policies. Launch more high-quality inbound tourism routes and services, improve the convenience of foreign tourists traveling in China, and cultivate international markets such as medical care and exhibitions. Deepen the cultivation and construction of international consumption centers. Support the opening of duty-free shops at ports in cities with the necessary conditions. Support more high-quality merchants to become departure tax refund stores, and promote the "buy and refund immediately" service measures for shopping departure tax refunds.
(14) Steadily promote the expansion of opening up in the service sector. Expand pilot programs for opening up in areas such as telecommunications, medical care, and education. Focusing on the needs of residents' consumption upgrades, promote the import of high-quality life-related services such as medical and health and cultural entertainment. Promote the inclusion of service consumption items such as camping, homestays, property services, and "Internet + medical care" in the encouraged foreign investment industry catalog.
IV. Action to Update and Upgrade Bulk Consumption
(15) Increase support for consumer goods trade-in. Make good use of the funds from ultra-long-term special government bonds to support local governments in expanding the implementation of consumer goods trade-in, promote the green and intelligent upgrading of large durable consumer goods such as automobiles, home appliances, and home decoration, support the replacement of qualified and safe electric bicycles, and implement purchase subsidies for three categories of digital products: mobile phones, tablets, and smart watches (wristbands). Promote the pilot construction of second-hand goods circulation, cultivate diversified second-hand goods circulation entities, and innovate second-hand goods circulation methods.
(16) Better meet the demand for housing consumption. Continue to work hard to promote the stabilization of the real estate market, intensify the implementation of urban village and dilapidated house renovation, and fully unleash the potential demand for both rigid and improved housing. Allow special bonds to support municipal governments in acquiring existing commercial housing for use as affordable housing. Implement relevant tax policies to promote the steady and healthy development of the real estate market. Reduce the interest rate of housing provident fund loans in a timely manner. Expand the scope of use of housing provident funds, support members in applying for personal housing provident fund loans while withdrawing provident funds to pay down payments for housing purchases, increase support for rental housing withdrawals, and promote pilot work for flexible employment personnel's contributions.
(17) Extend the automotive consumption chain. Carry out pilot reforms in automobile circulation consumption, expand the consumption of automobile aftermarkets such as automobile modification, leasing, racing, and RV camping. Cultivate and develop second-hand car operators, continue to implement convenient measures such as "reverse invoicing" for second-hand car sales and cross-regional transaction registration. Strengthen information sharing in the automotive field, support the development of third-party second-hand car information query platforms, and promote safe and convenient transactions of second-hand cars.
V. Consumer Quality Improvement Action
(18) Strengthen the leading role of consumer brands. Focusing on the service sectors such as commerce, logistics, and tourism, formulate differentiated policies to improve service quality, and create more Chinese service brands. Integrate excellent traditional Chinese culture into product design, support the development of original intellectual property (IP) brands, promote consumption of animation, games, e-sports and their peripheral derivative products, and open up incremental markets for domestic "trendy products" at home and abroad. Promote the first-launch economy in a targeted manner, and encourage domestic and foreign high-quality goods and service brands to open flagship stores, hold first launches, first shows, and first exhibitions. Support and promote new consumer formats and models. Organize and carry out a series of "Made in China" activities and create an array of famous Chinese consumer goods.
(19) Support the accelerated development of new types of consumption. Deeply implement the digital consumption enhancement action and vigorously cultivate quality e-commerce. Carry out the "Artificial Intelligence +" action, promote "Artificial Intelligence + Consumption", accelerate the development and application promotion of new technologies and products such as autonomous driving, smart wearables, ultra-high-definition video, brain-computer interfaces, robots, and additive manufacturing, and open up new high-growth consumption tracks. Carry out a special action on healthy consumption. Accelerate the improvement of the low-altitude economy regulatory system and orderly develop low-altitude tourism, aviation sports, consumer-grade drones and other low-altitude consumption. Continuously enrich cruise routes and tourism products, and promote the convenience of yacht registration and reporting.
(20) Improve the level of integration of domestic and foreign trade. Promote the convergence and integration of domestic and foreign trade standards and certifications. Support the domestic sales of foreign trade products, carry out "Foreign Trade Excellence Products Tour of China" activities, and guide foreign trade processing enterprises to accelerate the cultivation of their own brands. Implement domestic trade credit insurance policies to support the integration of domestic and foreign trade.
VI. Consumer Environment Improvement and Enhancement Action
(21) Guarantee the right to rest and holidays. Strictly implement the paid annual leave system, and include the implementation of paid annual leave as an important part of trade unions' efforts to protect the rights and interests of employees. Local party committees' organization departments and HR departments strengthen routine supervision of the implementation of the rest and holiday systems in various units, and include the implementation of paid annual leave as a key supervision item. Encourage paid annual leave to be taken together with short holidays to achieve flexible staggered holidays. Legally protect employees' right to rest and holidays, and it is prohibited to illegally extend employees' working hours. Encourage places with conditions to explore setting up spring and autumn breaks for primary and secondary schools according to their actual situations.
(22) Create a reassuring consumption environment. Implement a three-year action plan to optimize the consumption environment, further improve the systems of quality standards, credit constraints, comprehensive governance, and consumer rights protection. Improve the consumption product and service consumption standard system, strengthen the construction of the credit system in the consumption field, improve the diversified dispute resolution mechanism for consumption, and promote more efficient ways of protecting consumer rights. Regulate unreasonable business practices such as "the lowest price online" in the fields of online sales and live streaming, advocate for genuine prices and quality, severely crack down on the sale of counterfeit and substandard products according to law, and strengthen the supervision of the recall of defective products. Deepen the governance of layered television charges and complex operations.
(23) Improve urban and rural consumption facilities. Deeply implement the county commercial construction action and the "Thousands of Collections and Ten Thousands of Stores" transformation and upgrading, 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 commercial venues. Increase support for supporting facilities such as operating activity venues, public transportation capacity, and temporary parking spaces in night consumption gathering areas.
VII. Action to Clear and Optimize Restrictive Measures
(24) Orderly reduce consumption restrictions. All regions and relevant departments should, in conjunction with actual conditions, promptly clear unreasonable restrictions on consumption, and must not adopt "one-size-fits-all" approaches or add layers of restrictions. Promote the transformation of consumption such as automobiles from purchase management to use management, and guarantee the car purchase needs of carless families who have been unable to obtain licenses for many years according to the age of the car. Guide local areas to carry out traditional folk custom consumption activities in an orderly manner. Ensure that various business entities participate equally in social group purchasing, and must not set disguised thresholds such as ownership and merchant rating for purchasing.
(25) Continuously optimize the business environment. Improve the management model of the negative list for market access, focusing on fields such as environmental protection, sanitation, security, quality inspection, and fire protection, to thoroughly investigate and rectify various barriers to market access, and create a stable, fair, transparent, and predictable market environment. Encourage various regions to simplify approval procedures for promotional activities, community markets, outdoor displays, and sign facilities, and implement online immediate reporting and immediate processing. Enhance the efficiency of regulatory inspections through inter-departmental joint efforts, and avoid unnecessary disturbances to public consumption venues.
VIII. Improving Supporting Policies
(26) Strengthen the coordinated and linked efforts of pro-consumption policies. Reform and improve the mechanism for promoting consumption, improve and make good use of the mechanism for assessing the consistency of macroeconomic policy orientations, strengthen the coordination of fiscal and taxation, financial, industrial, and investment policies with consumption policies, promote concerted efforts, and form a joint force, and build a policy system that is more conducive to promoting consumption.
(27) Strengthen the supporting role of investment in consumption. Better coordinate investment and consumption, expand effective investment in consumer infrastructure, consumer service function improvement, and new consumer formats and models, and promote the benign interaction between improved investment efficiency and the expansion and upgrading of consumption. Central budgetary investment and other measures will vigorously support the construction of projects in fields such as education, medical care, skills training, elderly care, childcare, tourism, and sports, and make up for shortcomings in public services. Support eligible projects in the fields of consumption and cultural tourism to issue Real Estate Investment Trusts (REITs) in the infrastructure sector.
(28) Give full play to the guiding and driving role of fiscal policy. Use policy tools such as fiscal subsidies and loan interest rate subsidies, highlight key areas, implement precise policies, combine promoting consumption with benefiting the people's livelihood and making up for shortcomings, expand consumer demand, enhance consumer capabilities, and better play the positive role of consumption in promoting the smooth flow of the national economic cycle and driving economic growth.
(29) Strengthen credit support. Encourage financial institutions to increase the intensity 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 personal consumer loan repayment methods according to market-oriented and legalized principles, and orderly carry out renewal work. In 2025, fiscal interest subsidies will be provided for eligible personal consumer loans and loans for service-related business entities in the consumption field.
(30) Improve supporting measures for consumption. Encourage trade unions at all levels to use their funds in areas such as festival gifts, employee fitness, and cultural and sports activities. Strengthen the implementation of consumption assistance and enhance precise production-sales docking. Explore the implementation of prize-winning invoice activities. Improve the statistical monitoring of service consumption and new formats and models of consumption, strengthen the statistics of online retail sales of physical goods by region for buyers, and improve the comprehensive consumption statistical system.
All regions and departments should give greater prominence to boosting consumption, fulfilling their responsibilities according to their respective duties, strengthening coordination and collaboration, improving work mechanisms, exploring practical measures in a targeted manner, accelerating the formation of joint efforts, stabilizing market expectations, and ensuring that policies to boost consumption are implemented more quickly and effectively.