CX Briefing: Beijing Unleashes Financial Measures to Boost Consumption

A rundown of the news making headlines in and around China:

Boosting consumer spending: Six central government departments have jointly released a document urging financial institutions to do more to boost consumer spending, a top priority for the year’s economic work. The document — released by the central bank, the finance and commerce ministries, the National Development and Reform Commission, and the financial and securities watchdogs — proposes a series of measures to boost consumption, including greater access to credit for both consumers and companies in sectors such as retail, accommodation and catering, culture, sports, entertainment, tourism and education.