Securities Times front page commentary: Boosting consumption policies should take advantage of the situation and fully implement them.

date
18/07/2025
The article points out that in the second half of the year, expanding domestic demand and boosting consumption should be promoted, and various tangible measures should be implemented to drive consumption. The growth rate of total retail sales of social consumer goods and fixed asset investment has slowed down after June. In addition, since the third quarter of last year, the central government's strong support for the "two new" policies has achieved remarkable results, but it has also brought challenges with a high base number for consumption growth in the second half of this year. Therefore, various policy measures to expand domestic demand still need to be continuously strengthened. Optimizing the supply cannot rely solely on the market forces, especially in the service consumption field, government departments need to continue to promote lowering market access thresholds and reducing various institutional transaction costs to truly allow enterprises to explore market opportunities without constraint. On the demand side, the government also needs to take action as soon as possible to accelerate the implementation of key measures such as increasing urban and rural residents' income, establishing and implementing a child-rearing subsidy system, and increasing support for the development of the elderly care industry that have been mentioned earlier.