Page 15 - Recommendations of the Central Committee of the Communist Party of China for Formulating the 15th Five-Year Plan for National Economic and Social Development

between consumption and investment and between supply and demand. All
this will help enhance the dynamism and reliability of the domestic economy.

15. Boosting consumption
Special initiatives should be advanced to boost consumption. To increase
people’s spending power, we should make coordinated moves to boost

employment, increase incomes, and keep expectations stable, and
appropriately increase the share of fiscal expenditure that goes toward public
services. The supply of high-quality consumer goods and services should be

expanded. We should focus on easing market access and integrating various
forms of business to boost consumption of services and work hard to build
leading brands, raise standards, and apply new technologies to expand and

upgrade goods consumption. We should also develop a batch of high-profile
new consumption scenarios with broad appeal.
We should develop more cities into international consumption centers

and expand inbound consumption. Inclusive policies that directly benefit
consumers should be strengthened, and the government should spend more
on public wellbeing. We should refine the systems and mechanisms designed

to drive consumption, abolish unreasonable restrictions on the purchase of
motor vehicles and housing, and adopt management measures suitable for
new forms, models, and scenarios of consumer spending. We should stagger

paid leave. Consumer rights and interests should be better protected.
16. Expanding effective investment
We should maintain appropriate growth in investment and raise the
returns it delivers. The structure of government investment should be

optimized in order to allocate a larger portion to public wellbeing initiatives
and ensure the high-quality development of programs for advancing major

national strategies and bolstering security capacity in key areas. To respond to
structural demographic shifts and population movement trends, we should
improve the layouts of infrastructure and public service facilities and boost
investment in human resources development and well-rounded personal

development.
We should coordinate the use of all types of government investment

funds and take explorative steps to formulate overall government investment
plans in areas with the initial groundwork in place. The entire process of
government investment should be better managed. We should advance the
reform of the investment review and approval system and further clarify the

directions and priorities of central and local government investment. We

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