China's State Council approved a Plan to Expand Consumption for the 15th Five-Year Plan period, calling for a reasonable increase in public consumption and higher public-service spending on education, healthcare and elderly care. The plan directs optimization of the childcare subsidy system and the deeper rollout of demonstration pilots for childcare-service subsidies. It also mandates a universal basic public-health initiative and measures to improve basic medical services, and instructs govern

China's State Council approved a Plan to Expand Consumption for the 15th Five-Year Plan period, calling for a reasonable increase in public consumption and higher public-service spending on education, healthcare and elderly care. The plan directs optimization of the childcare subsidy system and the deeper rollout of demonstration pilots for childcare-service subsidies. It also mandates a universal basic public-health initiative and measures to improve basic medical services, and instructs government procurement policies to support SMEs.