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 tra

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 consumer goods, unlocking service‑consumption potential and optimizing production supply to support sustained healthy development of the consumption market.