X

However, due to limited consumer purchasing power, inadequate public services, and suboptimal supply, potential consumer demand has not been effectively released, resulting in consumption's inability to fully play its role as a driver of economic growth. The plan's measures are designed to address these issues by promoting income growth, optimizing supply, and improving the consumption environment. For example, the plan includes measures to increase rural residents' income, improve education and healthcare services, and enhance consumer protection. Additionally, the plan aims to promote high-quality supply, expand service industry openings, and optimize regulatory measures to encourage innovation and consumption.

The Chinese government has announced a comprehensive plan to boost domestic consumption, which has been met with a positive response from the market. The plan focuses on key areas, including increasing residents' income, improving consumption ability, enhancing service quality, and optimizing the consumption environment. Market reaction to the plan has been favorable, with some consumer stocks showing an upward trend. Although the current stock market performance may not continue to rise sharply, it indicates market stability and confidence in future consumption growth.

Experts believe that the plan demonstrates the government's commitment to addressing people's livelihoods and promoting economic development. The measures outlined in the plan, such as increasing wages, expanding social security, and improving education and healthcare, are expected to enhance consumption ability and willingness to spend. The plan's emphasis on improving people's lives and fostering new consumption trends highlights the government's focus on boosting consumption and stimulating economic growth.

As the 30 measures aimed at boosting consumption continue to roll out, experts foresee a sustained positive impact, as the government gradually implements related policies and initiatives. The deployment of monetary policies, such as reserve requirement ratio cuts and interest rate reductions, is also expected to gradually emerge, driving further growth in consumption and the broader economy. While the market may have experienced some hesitancy in the past, the emphasis now is on tangible and substantive progress. The government's commitment to putting words into action is becoming increasingly evident, with each measure being meticulously implemented. Although the pace may be deliberate, the anticipation is that the cumulative effect will ultimately propel the market forward, paving the way for a long-awaited second wave of bull market momentum.