China Shifts Focus to Boosting Consumer Spending Amid Economic Concerns
2025-03-05
MSN
As China's economic worries persist, the government is prioritizing consumer spending as a key driver of growth in 2025, surpassing technology and industrial production. This strategic shift aims to address imbalances in the world's second-largest economy, where domestic consumption has been sluggish. By encouraging reluctant consumers to spend, Beijing hopes to stimulate economic growth and reduce reliance on exports. With a focus on consumer spending, China is poised to unlock new opportunities for economic expansion, driven by domestic demand and fueled by digital payments, e-commerce, and consumer finance.
