[Regarding the policy of expanding domestic demand:#Focus policy more on benefiting people's livelihood and promoting consumption #】#National Development and Reform Commission introduces relevant information on a package of incremental policies #Zheng Zhajie, Director of the National Development and Reform Commission: In response to the new situations and new problems in the current economic operation, the Party Central Committee and the State Council have stepped up efforts to launch a package of incremental policies. In response to problems such as insufficient effective demand in China, the policy of expanding domestic demand has focused more on benefiting people's livelihood and promoting consumption.
Zheng Zhajie introduced that in terms of consumption, the focus is to combine promoting consumption with benefiting people's livelihood, promote the income increase of low-and middle-income groups, and implement actions to boost consumption. There are three specific aspects: First, increase support for specific groups. Before the National Day, one-time living allowances have been issued to people in need such as extremely poor people and orphans. The second is to combine large-scale equipment updates and the trade-in of consumer goods to promote the continued expansion of bulk commodity consumption. The third is to expand consumption of services such as elderly care and childcare. Cultivate new consumption formats such as digital consumption and green consumption, and enhance the adaptability of the supply side to mid-to-high-end demand. (People's Daily)
