Jiang Zhao, associate researcher at the Chinese Academy of International Trade and Economic Cooperation, said during an exclusive interview with China Perspectives that the consumer goods trade-in policy has significantly boosted the growth of goods consumption. In the future, promoting service consumption through the distribution of consumption subsidies could serve as a key policy lever. However, it is also important to note that subsidies for service consumption entail substantial funding and pose high regulatory challenges, which requires careful consideration.
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