Editorial: Ensuring Residents Have the Confidence and Capacity to Consume

Lately, a variety of government departments, including the National Development and Reform Commission (NDRC) and the Ministry of Commerce, have been introducing policies to stimulate consumption. The NDRC has also stated that in the next phase, it will work together with relevant parties to focus on four key areas: refining consumption policies, enhancing consumption capacity, optimizing consumption supply, and improving the consumption environment. The objective is to address the pain points and bottlenecks that hinder residents from “being able to consume, daring to consume, and willing to consume.”