In a continued effort to bolster the Chinese economy, Vice Premier He Lifeng delivered remarks emphasizing the expansion of consumption and the stimulation of domestic demand.

At a recent meeting in Beijing, He, a prominent figure in the Chinese Communist Party's Central Committee's Political Bureau, outlined a strategic vision for boosting consumer spending as a pivotal means of sustaining economic momentum.

The meeting, held on January 10, 2025, comes amidst shifting global economic conditions that have prompted Chinese leaders to revisit internal economic dynamism.

Vice Premier He Lifeng underscored the necessity of intensifying efforts to broaden the consumer goods trade-in program.

This initiative aims to encourage consumption by incentivizing consumers to replace old products with new ones, thus stimulating demand across multiple sectors.

Further, He Lifeng emphasized the need to advance high-quality development in service consumption.

This sector includes industries such as healthcare, education, and tourism, which have been identified as key drivers for future economic growth.

He advocated for the proactive opening up of the service sector, improvements in service quality, and the promotion of diverse consumption scenarios to adapt to changing consumer preferences.

Significantly, the vice premier also highlighted the importance of deepening the cultivation and construction of international consumption center cities.

These cities are envisioned as hubs that not only cater to domestic shoppers but also attract international consumers, thereby crafting an internationalized consumer environment that contributes to China's economic resilience.

As China navigates through its economic adjustments, Vice Premier He's statements signal a strategic focus on internal consumption as a cornerstone for economic fortification.

The country's efforts to integrate domestic and foreign trade further reflect its ambitions to maintain robust economic health in the face of global unpredictability.