The 12th plenary session of the State Council held in August made arrangements to further strengthen the domestic cycle and fully unleash the potential of domestic demand, stressing the need to “collaborate to promote investment in people and promote consumption, and increase policy resource preferences.” Collaboratively promoting investment in people and promoting consumption is not only a positive response to people's livelihood expectations, but also an inevitable choice in line with the trend of consumption upgrading. When more people have skills, jobs, income, and expectations, changes in consumption are not only an increase in total volume, but are also reflected in leveling up and structural optimization. This consumption upgrade will surely inject deeper and lasting momentum into building a strong domestic market.

The 12th plenary session of the State Council held in August made arrangements to further strengthen the domestic cycle and fully unleash the potential of domestic demand, stressing the need to “collaborate to promote investment in people and promote consumption, and increase policy resource preferences.” Collaboratively promoting investment in people and promoting consumption is not only a positive response to people's livelihood expectations, but also an inevitable choice in line with the trend of consumption upgrading. When more people have skills, jobs, income, and expectations, changes in consumption are not only an increase in total volume, but are also reflected in leveling up and structural optimization. This consumption upgrade will surely inject deeper and lasting momentum into building a strong domestic market.