National Bureau of Statistics spokesperson and chief economist Fu Linghui said
China’s service and higher‑quality consumption demand is expanding and
consumption scenarios are diversifying, leaving significant upside but with
household purchasing power and willingness still needing strengthening. Supply
of quality goods and services also requires further improvement. Next steps will
prioritize coordinated action to boost incomes, upgrade supply and stabilize
expectations, including promoting trade‑in/replacement programs for consumers
goods, unlocking service‑consumption potential and optimizing production supply
to support sustained healthy development of the consumption market.
