China's Politburo Targets Consumer Spending to Revitalize Economy

Top leaders emphasize boosting domestic demand and supporting emerging sectors amid economic challenges.

Leaders pledge 'incremental policy steps' to increase consumer spending and improve market confidence.
Focus includes raising incomes and enhancing social safety nets for low- and middle-income groups.
Policies aim to support high-tech start-ups and eliminate inefficient production capacity.
Central bank cuts interest rates and increases subsidies to stimulate growth.
Property sector support includes turning unsold apartments into affordable housing.