The in-depth implementation of special actions to boost consumption has received great attention from the community. How to make consumers more “sensitive” and have more obvious effects in boosting domestic demand? On the one hand, do a good job of securing funds and using funds in a balanced and orderly manner. At the national level, grasp the pace reasonably, and issue “national subsidy” funds to local authorities in batches on a quarterly basis; each locality should rationally formulate plans for the balanced use of funds by field and implement the consumer goods trade-in policy in a smooth and orderly manner. Recently, the central government has issued the first batch of 62.5 billion yuan of ultra-long-term special treasury bonds to local authorities in 2026 to support consumer goods trade-in capital plans to meet consumer demand during peak seasons such as New Year's Day and Spring Festival. Only by making good arrangements and use of funds can we better stabilize market expectations and stimulate consumer enthusiasm. On the other hand, play a good “combo punch” of policies to boost consumption, particularly by strengthening fiscal and financial coordination and amplifying policy effectiveness. The Central Economic Work Conference proposed implementing more active and promising macroeconomic policies to enhance the forward-looking, targeted and synergy of policies. Coordination of fiscal, monetary, and monetary policies has played an important role in supporting the expansion of domestic demand. Since September of last year, China has implemented interest rate discount policies for personal consumption loans and loans for service industry operators, working from the demand side and the supply side of consumption, respectively, to boost consumption through measures such as reducing credit costs and increasing policy coverage. There are also many “articles” that can be done to coordinate fiscal and financial policies. In particular, guide financial institutions to make good use of refinancing and interest rate discount policies, increase credit investment in the consumer service sector, optimize consumer finance products and services, and strive to produce “1+1>2” policy effects.

The in-depth implementation of special actions to boost consumption has received great attention from the community. How to make consumers more “sensitive” and have more obvious effects in boosting domestic demand? On the one hand, do a good job of securing funds and using funds in a balanced and orderly manner. At the national level, grasp the pace reasonably, and issue “national subsidy” funds to local authorities in batches on a quarterly basis; each locality should rationally formulate plans for the balanced use of funds by field and implement the consumer goods trade-in policy in a smooth and orderly manner. Recently, the central government has issued the first batch of 62.5 billion yuan of ultra-long-term special treasury bonds to local authorities in 2026 to support consumer goods trade-in capital plans to meet consumer demand during peak seasons such as New Year's Day and Spring Festival. Only by making good arrangements and use of funds can we better stabilize market expectations and stimulate consumer enthusiasm. On the other hand, play a good “combo punch” of policies to boost consumption, particularly by strengthening fiscal and financial coordination and amplifying policy effectiveness. The Central Economic Work Conference proposed implementing more active and promising macroeconomic policies to enhance the forward-looking, targeted and synergy of policies. Coordination of fiscal, monetary, and monetary policies has played an important role in supporting the expansion of domestic demand. Since September of last year, China has implemented interest rate discount policies for personal consumption loans and loans for service industry operators, working from the demand side and the supply side of consumption, respectively, to boost consumption through measures such as reducing credit costs and increasing policy coverage. There are also many “articles” that can be done to coordinate fiscal and financial policies. In particular, guide financial institutions to make good use of refinancing and interest rate discount policies, increase credit investment in the consumer service sector, optimize consumer finance products and services, and strive to produce “1+1>2” policy effects.