The measures also emphasize developing the sports economy through international events, mass activities, boutique competitions, and professional leagues. To support these initiatives, Beijing will deploy central government funds and local special bonds for infrastructure projects in cultural, tourism, elderly care, childcare, and sports facilities. Monetary policy tools will encourage banks to expand credit to service-sector businesses.
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China’s push to boost services highlights Beijing’s pivot toward domestic demand as growth stalls. While targeted at culture, healthcare, and tourism, the measures may help stabilize consumption-linked sectors and support equities tied to leisure and healthcare. However, continued weakness in factory output and retail sales suggests overall growth pressures remain, keeping expectations for broader stimulus alive.
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