Tag: Consumption
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China’s Seven Ministries Set 60 Trillion Yuan Retail Target for 2030 in Sweeping Consumption Upgrade Plan
Read more: China’s Seven Ministries Set 60 Trillion Yuan Retail Target for 2030 in Sweeping Consumption Upgrade PlanSeven Chinese ministries led by the Ministry of Commerce have jointly released a comprehensive implementation plan to expand and upgrade goods consumption, setting an ambitious target of lifting total retail sales of consumer goods to approximately 60 trillion yuan (about US$8.4 trillion) by 2030. The Implementation Opinions on Promoting the Expansion and Upgrading of Goods Consumption, issued under…
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Major Chinese Banks Roll Out Details on Consumer Loan Subsidy Expansion
Read more: Major Chinese Banks Roll Out Details on Consumer Loan Subsidy ExpansionAug 21, 2026 (InvestinChina.asia) – Several of China’s largest banks have moved swiftly to implement a newly expanded loan subsidy program, with Agricultural Bank of China and Bank of China raising the annual interest subsidy cap for consumer loans and credit card installments to 5,000 yuan ($684) per borrower, up from 3,000 yuan previously. The adjustments…
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Beijing’s New Push for County-Level Consumption: 18 Measures Target Retail, EVs, Elderly Care and More
Read more: Beijing’s New Push for County-Level Consumption: 18 Measures Target Retail, EVs, Elderly Care and MoreNine ministries roll out 18 measures targeting China’s vast county markets, from streamlined business licensing and property conversion for elderly care to subsidies for EVs and smart appliances in rural areas. August 19, 2026 (InvestinChina.asia) – China’s Ministry of Commerce, together with eight other central government bodies, released a comprehensive policy package on Tuesday aimed at…
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Debunking Economic Myths: Why Infrastructure, Not Consumption, Is China’s Way Out of Deflation
Read more: Debunking Economic Myths: Why Infrastructure, Not Consumption, Is China’s Way Out of DeflationMarch 3, 2026 (InvestinChina.asia) – In a detailed critique of prevailing economic narratives, prominent Chinese economist Yu Yongding has challenged several foundational assumptions guiding policy discussions, arguing for a significant, centrally-funded ramp-up in infrastructure investment to combat deflationary pressures and secure growth. Speaking at the “Chang’an Forum,” Yu, a former adviser to China’s central bank…