# service consumption

China Signals Boost for Services: State Council Expands Financial Support and Loan-Interest Subsidies to Drive Consumption

Beijing has launched a comprehensive plan to cultivate new service-sector consumption drivers and to optimise loan-interest subsidies for service businesses. The package pairs sectoral pilots — from rail-tourism to home-care and ultra-high-definition video — with stronger fiscal and financial support, aiming to boost domestic demand and create jobs while exposing implementation and credit-risk challenges.