China Announces Measures to Boost Retail Sales to 60 Trillion Yuan by 2030
Macro
The Chinese government has announced measures to boost retail sales to 60 trillion yuan by 2030. The goal is to support economic growth through expanding domestic consumption. Specific measures include improving the consumption environment and fostering new forms of consumption, and the government plans to advance related infrastructure development and regulatory easing. The announcement is seen as accelerating China's shift toward a domestic demand-driven economy.
