ECONOMY

China Signals Plan to Ease Car, Housing Curbs to Boost Consumption

Published: Dec. 16, 2025 4:54 p.m. GMT+8

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Chengdu. Photo: VCG

China’s top economic planner has pledged to dismantle unreasonable restrictions on car and home purchases and expand access to public services, signaling a push to boost household consumption through structural reforms.

The National Development and Reform Commission (NDRC) outlined the priorities in an article published in Qiushi, the Communist Party’s flagship theoretical journal.

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China’s NDRC plans to remove restrictions on car and home purchases to boost household consumption, with a focus on structural reforms.
In 2024, China’s household consumption ratio was 39.9% of GDP, much lower than developed economies.
Priorities for 2026–2030 include increasing household income, improving public services and infrastructure, and promoting big-ticket and service-related consumption.

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