China's Central Bank Implements Measures to Boost Consumer Spending Ahead of March 17 Press Conference

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Published Mar 14, 2025, 09:51 AM

China's central bank is implementing a series of measures aimed at boosting consumer spending and supporting economic growth. The People's Bank of China (PBOC) has announced plans to create additional tools to enhance financial support for consumption. This includes urging banks to increase lending and promote credit card usage to encourage consumer expenditure. The National Administration of Financial Regulation (NAFR) has also issued a notice encouraging financial institutions to develop consumer finance solutions. Additionally, the State Council Information Office is scheduled to hold a press conference on March 17, 2025, to introduce further policies related to consumption stimulus. These initiatives come as part of broader efforts to address economic challenges and enhance market-based transformations within China, including the expansion of a pilot cash-pooling service for multinational companies.

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#China #PBOC #NAFR #State Council Information Office

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Sources

news.cgtn.com globaltimes.cn independent.co.uk scmp.com

CGTN

@CGTNOfficial

China expands financial policies to support economic growth, risk prevention, cross-border capital management https://t.co/KITG8Peay2

Global Times

@globaltimesnews

China's National Administration of Financial Regulation (NAFR) issued a notice on Friday, urging financial institutions to develop consumer finance to support the consumption market, a fresh move by the Chinese financial regulator to boost consumption. https://t.co/gcdC5o3Nj7 https://t.co/LLED4CerE2