(Source: China Economic Weekly 2025-09-30)
Recently, nine departments including the Ministry of Commerce jointly issued "Several Policies and Measures on Expanding Service Consumption" (hereinafter referred to as the "Policies and Measures"). The document contains 19 measures in five parts, aiming to boost consumption, expand domestic demand, and promote the improvement of people's livelihood and consumption transformation and upgrading.
Compared with previous consumption promotion policies, what are the new features of the "Policy Measures"? What pressures may local governments encounter during the specific implementation process? How to stimulate the innovation enthusiasm of local governments? Regarding these issues, our reporter conducted an exclusive interview with Zhao Zhongxiu, President of the w88 casino.
More emphasis is placed on the supply side
"China Economic Weekly": How do you evaluate the urgency and significance of the "Policy Measures" jointly issued by the Ministry of Commerce and other 9 departments?
w88 online sports betting: Under the current macroeconomic background, the "Policy Measures" jointly issued by nine departments including the Ministry of Commerce is very timely and has important strategic significance.
The "Policy Measures" is an important measure that is forward-looking, systematic and operational. It marks that China's consumption promotion policy has entered a new stage from "quantitative" stimulation to "qualitative" upgrading, from "single demand management" to "coordinated supply and demand". This will not only help meet current economic challenges, but also lay a solid foundation for building a new development pattern and promoting high-quality economic development.
"China Economic Weekly": What are the characteristics of "Policies and Measures" compared with a series of previously issued consumption-promoting policies?
w88 online sports betting: Compared with previous policies, this "Policy Measures" has some distinctive features and new ideas, which are mainly reflected in the following aspects: First, the focus changes from "commodities" to "services". In the past, policies mostly targeted the consumption of bulk commodities such as cars and home appliances, stimulating “popularization” or “upgrading” through subsidies. This "Policy Measures" will clearly shift the focus to service consumption, involving culture, tourism, sports, housekeeping, elderly care, childcare and other fields, which is more in line with the current trend of upgrading the consumption structure.
The second is to deepen the path from “demand stimulation” to “supply optimization”. In the past, policies focused more on stimulating the demand side, such as issuing consumer vouchers. This "Policy Measures" emphasizes efforts from the supply side to stimulate and create new consumer demand by increasing the supply of high-quality services.
For example, support cultural and museum venues to organize innovative exhibitions and optimize performance incentives, extend the business hours of popular venues, create new consumption scenarios that integrate business, travel, culture, sports and health, and introduce excellent foreign sports events, etc.
The third is to emphasize "system collaboration" and "system innovation". The "Policy Measures" not only provide short-term stimulation, but also focus on building long-term mechanisms and optimizing the institutional environment.
"China Economic Weekly": What is the core policy idea and orientation of "Policies and Measures"?
w88 online sports betting: The core policy ideas and guidance of "Policies and Measures" can be summarized as follows: taking high-quality supply as the key entry point, optimizing the consumption environment through supply-side reform, and then stimulating and releasing demand-side potential. It is not a policy with a single focus, but a comprehensive framework that emphasizes supply and demand coordination, internal and external linkage, and environmental optimization.
Supply-side reform is the "foundation" and "key", aiming to solve the problem of "what is available for consumption" and create and lead demand by increasing high-quality supply.
Optimizing the consumption environment is "guarantee" and "support", aiming to solve the problem of "whether it is convenient and whether you dare to consume", and lubricate the consumption process by reducing transaction costs and improving convenience.
Stimulating demand potential is the "goal" and "result". Under the joint action of the first two, consumption potential is naturally released, while direct incentives are used to accelerate this process.
Ensure “forming synergy” rather than “multiple policies”
"China Economic Weekly": The policy is jointly issued by nine departments. What kind of challenges may be encountered during the specific implementation process? How to establish an effective coordination mechanism to ensure that policies are not "policy coming out of multiple doors" but "forming synergy"?
w88 online sports betting: The joint document issued by multiple departments shows the country’s determination to promote the expansion and improvement of service consumption. However, in order for good policies to truly form a synergy, we do face some practical challenges.
Potential coordination obstacles for policy implementation include: departmental interests and administrative barriers, misalignment of policy connection and matching, overlapping responsibilities and regulatory vacuum, local protection and market segmentation, etc.
To overcome the above obstacles and ensure that policies "form synergy" rather than "policy comes from multiple branches", it is crucial to establish an authoritative, efficient, and normalized inter-ministerial coordination mechanism.
The core is to transcend departmental interests and strengthen top-level design and overall coordination. It is necessary to have authoritative top-level design and clear definition of rights and responsibilities, efficient operating mechanisms and information sharing, scientific incentives and constraints and supervision and implementation, and focus on local coordination and linkage between the upper and lower levels. Establish a public participation mechanism, listen extensively to opinions and suggestions from all sectors of society on policies to expand service consumption, and promote public participation.
"China Economic Weekly": Which policy items proposed in this "Policy Measures" are unprecedented innovations or breakthroughs? Which are the deepening and expansion of previous policies?
w88 online sports betting: Select about 50 cities to carry out "pilot city construction of new consumption formats, new models and new scenarios". The construction of "pilot cities" promotes systematic innovation, which means that it is no longer a single policy pilot, but gives local governments greater autonomy, encourages them to carry out systematic exploration and innovation, and accumulates experience for the transformation of national service consumption.
The central bank has set up 500 billion yuan in service consumption and pension re-loans, and has clearly proposed for the first time to implement loan interest discounts for service industry operators, aiming to directly reduce the financing costs of enterprises and encourage them to expand the supply of high-quality services.
Exploring the setting of spring and autumn holidays for primary and secondary schools is an innovation from the perspective of time planning and guarantee, aiming to solve the problem of "having money but no time to spend", promote tourism consumption, and release consumption potential by optimizing holiday arrangements.
Accelerating the calculation of service retail sales by region will help more accurately measure the development level of service consumption in various regions and provide a basis for subsequent policy formulation. These measures focus on fundamentally optimizing the supply and environment of service consumption through institutional innovation and precise policy tools.
Expanding the opening of the service industry to the outside world, expanding pilot openings in the fields of telecommunications, medical care, education, etc., and supporting the inclusion of more service consumption areas in the "Catalogue of Industries Encouraging Foreign Investment" are manifestations of continuing to deepen opening to the outside world and promoting upgrading through competition. Improve the level of services that provide convenience and benefit to the people, increase fiscal and financial support, and optimize the inbound consumption environment. These measures are further expanded in scope, intensity, and detailed implementation based on existing policies.
It is expected to promote the rapid growth of new service consumption
"China Economic Weekly": "Policies and Measures" are mostly directional guidance, and specific details need to be implemented by local governments. What pressures may local governments face in formulating supporting policies? How to stimulate the innovation enthusiasm of local governments?
w88 online sports betting: "Policies and Measures" must truly release dividends and rely on the supporting implementation of local governments. In this process, you may encounter many pressures and challenges, including pressure on funding and sustainability, pressure on multiple supervision and assessment coordination, etc. At the same time, appropriate incentive mechanisms are also needed to stimulate their enthusiasm for innovation.
Faced with these pressures, we need a "combination punch" to motivate local governments, which must not only loosen ties and reduce burdens, but also provide clear guidance and allow for trial and error. Optimize assessment incentives and highlight quality, efficiency and differentiation; strengthen resource protection, empower and reduce burdens; encourage exploration and fault tolerance, stimulate pioneering spirit; promote collaborative governance to form synergy for development. Build an experience exchange platform among local governments to strengthen experience exchange and sharing.
"China Economic Weekly": What impact do you predict these policy measures will have on the total amount and structure of my country's service consumption in the short to medium term, such as 1 to 3 years? Which areas will see results first?
w88 online sports betting: The short-term impact of the "Policies and Measures" on the total amount and structure of my country's service consumption is mainly reflected in the following aspects:
Total service consumption continues to grow. At present, my country's residents' service consumption expenditure accounts for 46.1% of per capita consumption expenditure, and its contribution to consumption growth has reached 63%. Driven by policies, the growth rate and proportion of service consumption are expected to further increase.
Optimization and upgrade of service consumption structure. The policy will promote the upgrade of service consumption from traditional basic services to high-quality, diversified and personalized services. It is expected that the consumption potential of services such as culture and tourism, sports, health care, childcare, and housekeeping will be further explored, and the supply level of services such as culture and entertainment, sports, housekeeping, elderly care, and childcare will be improved.
At the same time, new formats such as digital service consumption and online and offline integration will develop faster.
In the short to medium term, because the above areas are directly related to the improvement of people's livelihood, the market demand is clear, and the policy support is concrete, it is expected that the effects will appear faster. Among them, cultural tourism and sports may be particularly effective because of their strong motivating effect and direct feelings; childcare and housekeeping can effectively relieve family pressure, and their social benefits and consumption release effects will soon be reflected.
With the promotion of policies, my country's basic service consumption will become more inclusive, the vitality of improved service consumption will be further enhanced, and new service consumption will grow rapidly.
Attached original text link:https://news.qq.com/rain/a/20250930A027Y300
