Promoting income growth for low- and middle-income groups through three key approaches

Increase support for vulnerable populations. By the National Day of 2024, one-time living allowances had been provided to at-risk groups, including individuals in extreme poverty and orphans.

Stimulate consumption of bulk commodities. Encourage ongoing consumption growth by integrating large-scale equipment upgrades with trade-in programs for consumers’ goods.

Enhance Service Consumption. Expand spending in sectors such as elderly care and childcare. Promote new consumption models, including digital and green consumption, to better align supply with mid- to high-end demand.

Continued issuance of ultra-long-term special national debts to support “Two Major” projects next year

It is reported that currently, the full 700-billion-yuan central budget investment has been allocated for “two major” projects focused on implementing major national strategies and building up national security capabilities in key areas. Looking ahead, next year will see the continued issuance of ultra-long-term special national debts, along with its optimized allocation to further bolster “Two Major” projects.