"China's State Council Unveils New Measures to Boost Consumer Spending"

China's State Council has issued measures to boost consumption in sectors such as automobiles, real estate, and services, recognizing the crucial role of consumption in economic development. The government plans to improve charging infrastructure for new energy vehicles, expand affordable rental housing to support housing demand, and encourage tourism by reducing or eliminating admission fees at scenic areas during low periods. These measures come as policymakers aim to stimulate domestic demand and support the post-COVID economic recovery.