The Chinese government has recently taken steps to stimulate economic growth after the COVID-19 pandemic. These measures are designed to increase consumption in the automotive, real estate, and services sectors and include improvements in infrastructure for new energy vehicles, the building of more affordable rental housing, and reduced admission fees at tourist attractions. The Politburo held a meeting last week to pledge policy support for the post-COVID economy, emphasizing increasing domestic demand. With upcoming national holidays, the government is also looking to expand holiday consumption.
