MOFCOM and eight other ministries issued guidance to stimulate lower-tier and
county-level consumption, prioritizing fiscal support. The plan calls for
activating sinking-market consumption by upgrading retail channels, promoting
scenario innovation, improving efficiency and filling gaps in life services. It
directs coordination of central and local funding, integration of existing
resources, and targeted construction of county-level eldercare, childcare,
education, medical and sports service facilities. The guidance says eligible
personal consumer loans and loans to service-sector operators will be supported
to receive fiscal interest subsidies.
