China’s new plan to get consumers spending again
By CNBC
February 8, 2026, 4:26 PM EST
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BEIJING, CHINA (CNBC) — China is shifting focus to boost consumption through experiences and services as households remain cautious about major purchases. The government’s plan includes promoting tourism, sports events, and emotional experiences to drive growth in the service sector. Economists are skeptical, calling for deeper reforms to increase household income and consumer confidence.
