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China boosts domestic spending with financial incentives, digital RMB, and new consumption models.
Chinese authorities have issued a joint circular urging closer cooperation between commerce and financial sectors to boost domestic consumption, emphasizing tools like interest subsidies, financing guarantees, and digital RMB to direct credit toward key areas such as durable goods, electronics, tourism, and elderly care.
The policy promotes new consumption models including green and AI-driven experiences, trade-in programs, and international shopping initiatives, while improving payment convenience for foreign visitors and enhancing credit access for small businesses.
The move underscores efforts to strengthen domestic demand amid economic headwinds.
China impulsa el gasto doméstico con incentivos financieros, RMB digital y nuevos modelos de consumo.