China issues national work plan to boost services consumption and domestic demand

China issued a work plan to boost services consumption by focusing on tourism and sports. The plan seeks to shore up domestic demand through fiscal support.

Insights:
The central government of China CNCNhas officially issued a national work plan to boost services consumption, aiming to shore up overall domestic demand across the country. The policy directive instructs government departments and local authorities to prioritize specific sectors, explicitly highlighting the importance of sports events and the tourism industry.
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
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