China is gearing up to supercharge its economy by advancing high-quality development in service consumption, according to a new guideline released by the State Council on Saturday. 📈
The comprehensive document outlines 20 key tasks aimed at unlocking potential in various sectors, including hospitality, domestic services, elderly care, childcare, entertainment, tourism, sports, education, and training.
But that’s not all—China is also set to foster new consumption types like digital, green, and health services. This means more personalized, diversified, and quality services to meet the evolving demands of the people. 🌟
In addition to creating new consumption scenarios, the guideline emphasizes relaxing market access, strengthening regulation, and ramping up policy support for service consumption. This strategic move is expected to open up sectors such as telecommunications, education, and medical care even further. 📱🏥
Furthermore, China plans to optimize entry policies and enhance consumption environments. This includes speeding up the resumption of flights, offering diversified payment options, and exploring visa-free entry for more countries to boost tourism and international exchanges.
In an important meeting that set priorities for the second half of 2024, officials highlighted that service consumption will be a major driver in expanding and upgrading the nation’s domestic demand. 🌍
Official data shows that in the first half of this year, China’s retail sales of services jumped by 7.5% compared to last year, outpacing goods by 4.3 percentage points. 📊
Stay tuned to NewspaperAmigo.com for more updates on China’s economic strategies and how they shape global markets! 🚀
