Caixin Editorial: Ensuring Residents Have the Confidence and Capacity to Consume

It is necessary to deepen reform, particularly of the household registration, employment, and income distribution systems

Customers shop at a supermarket in Shanghai on July 15. Photo: VCG

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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.