China accelerates consumption-driven growth model

The plan aims to improve the quality of service consumption

The special action plan introduces an action to improve the service consumption quality, covering:

- Optimizing elderly care and childcare services.

- Promoting daily-life services, cultural, sports and tourism services, ice-and-snow related consumption.

- Expanding service industry openness.

Wang Chengfang, president of Anhui provincial domestic service industry promotion association:

The plan encourages the development of community-embedded care and employer-sponsored childcare-integrated services. These will bring real benefits for the elderly and children, and enterprises will also usher in policy support and increase cooperation opportunities with government departments and communities.

Moreover, Community-embedded elderly care allows domestic practitioners to expand their domestic services through service modes such as medical escort, daily care, and social interaction. It releases the demand of the silver-haired consumer market. At present, there is a large demand for market-oriented childcare, and community childcare can not only facilitate parents to send and pick up their children to and from schools but also enable community mothers to achieve employment at their doorstep.

Lu Ming, distinguished professor at Shanghai Jiao Tong University's Antai College of Economics and Management:

People's pursuit of spiritual civilization is more reflected in the service industry, as evidenced by popular cultural consumption such as concerts and music festivals in recent years. At the same time, because of the immediacy of service consumption, it has a more sustained and stable pulling role in boosting consumption.

Pan Yuanyuan, an associate researcher at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences:

Steadily expanding the opening-up of the service industry is conducive to meeting the differentiated needs of all levels in China. In the future, there needs to be more detailed rules to cooperate with the encouragement catalog. For example, "Internet + medical" involves patient data management, follow-up data storage, data flow and other issues that need to be further clarified.