Overview
- The National Development and Reform Commission said it is drafting a 2026–2030 plan to boost household spending and correct a supply–demand imbalance, with services such as elderly care, healthcare and leisure as priority areas.
- The finance ministry extended interest subsidies for personal consumption, service-sector borrowers and equipment upgrades through end-2026, and launched a two-year, 500 billion yuan guarantee program to spur private investment by smaller firms.
- Officials said trade-in incentives for big-ticket goods will continue, after 62.5 billion yuan in special treasury bond funds were allocated in December to support a 2026 scheme for appliances and new-energy vehicles.
- Policymakers signalled parallel backing for hi-tech industries over the next five years, highlighting new energy, aerospace, biomanufacturing and artificial intelligence as areas for major projects.
- President Xi Jinping urged keeping manufacturing at a reasonable share of the economy and pledged to make domestic demand the main growth driver, as 2025 data showed 5% GDP growth with retail sales lagging industrial output.