Chinese commerce minister calls for efforts to expand service consumption

News ESG General Updates

Date: 16th Apr, 2025 Source: Ministry of Human Resources and Social Security Country: China Original Source

Brief

On April 16, 2025, Chinese Commerce Minister Wang Wentao called for measures to bolster service consumption. He highlighted the importance of expanding service consumption in stimulating domestic demand and economic growth, citing recent trends and tailwinds that have driven growth in China's service industry. Chinese government plans to support household services, digital consumption, tourism, and other sectors through targeted policies, including fiscal, tax, and financial measures.

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Ministry of Human Resources and Social Security

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Chinese commerce minister calls for efforts to expand service consumption

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Chinese commerce minister calls for efforts to expand service consumption

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