In response to ongoing economic pressures, China has unveiled a robust plan aimed at ‘vigorously boosting’ domestic consumption. This initiative comes as the nation faces challenges from external factors such as tariffs and falling housing prices. The strategy includes a 30-point toolbox designed to enhance consumer spending and raise incomes, with measures like increased bank lending and credit card usage being emphasized. As a result, Chinese stocks have risen, marking a three-month high, while Asian markets reacted positively to the announcement despite a downturn on Wall Street. This comprehensive approach represents the most significant effort to stimulate consumption since the 1970s, as authorities strive to shore up the economy in light of external threats.