State Council Approves 'Fifteenth Five-Year' Consumption Plan Targeting 60 Trillion Yuan Retail Sales
State Council approved the 'Fifteenth Five-Year Plan' for expanding consumption, the first national-level special plan in this field. It sets a target for total retail sales of consumer goods to reach about 60 trillion yuan by 2030, with service consumption as the core driver. In 2025, service retail sales grew 5.5% year-on-year, outpacing goods retail by 1.7 percentage points. Per capita service consumption expenditure accounted for 46.1% of total, rising to about 60% in first-tier cities. The plan prioritizes improving service consumption quality and expanding supply in elderly care, childcare, culture, tourism, health, and domestic services.
- Effective
- +24
- Intensity
- 65
- Confidence
- 82%
- Horizon
- Long term