National Development and Reform Commission: In the second half of the year, a policy document for the recovery and expansion of consumption will be issued

What other measures will be taken to expand domestic demand in the second half of the year? According to the National Development and Reform Commission, in terms of expanding domestic demand, first, the government will better leverage the basic role of consumption in driving economic growth. The government will introduce and implement policy documents to restore and expand consumption. The government will increase people’s income by vigorously promoting employment and other measures. Besides, the government also has to boost bulk consumption, accelerate the construction of charging and parking facilities, and encourage areas with car purchase restrictions to optimize purchase management policies. The government will continue to do a good job of ensuring the delivery of housing, guaranteeing people’s livelihood, and maintaining stability. Government should adjust and optimize real estate policies timely, and make good use of the policy toolbox to better meet residents’ rigid and improved housing needs. Government should take the summer vacation, Mid-Autumn Festival, National Day, and other holidays as an opportunity to promote better consumption. The government will make full use of the Universiade, Asian Games, and other events to develop cultural- and sports-related consumption. The government will study, introduce and implement policies and measures to vigorously develop the silver economy. The second is to highlight the role of investment in improving the supply structure. Private investment has always been one of the priorities of effective investment. The government needs to identify several key segments in which private capital is encouraged to participate, strengthen factors such as financing and land use for private investment, support private capital in revitalizing the stock of state assets, and promote the gradual recovery of private investment. The government should strengthen the incentives for investment, solidly promote the 102 major projects in the 14th Five-Year Plan and other major economic and social development projects, and accelerate the issuance and use of local government special bonds.