CCTV News: Recently, the General Office of the CPC Central Committee and the General Office of the State Council issued the "Special Action Plan to Boost Consumption". The special action plan consists of 7 "actions" and 1 "support policy", forming a "combination punch" to drive consumption. The second-level "consumption capacity guarantee support" includes four aspects: increasing the intensity of childbirth and nurturing protection, strengthening educational support, improving medical and pension guarantee capabilities, and ensuring the basic lives of key groups. This is actually the "subtraction" of expenditures in some aspects. Experts say that social security expenditures have a multiplier effect and drive more economic vitality in multiple dimensions.
The "Plan" specifically focuses on increasing the protection of fertility, nurturing, education, medical care, elderly care, and key groups, and launches a series of people's livelihood measures covering the entire life cycle that concerns everyone. Zou Yunhan, deputy director of the Macroeconomic Research Office of the National Information Center of the National Development and Reform Commission, said that the implementation, implementation and detailed implementation of these policies will further reduce everyone's worries, reduce the motivation for preventive savings, and maintain reasonable expectations for the future, thus having a positive effect on boosting consumption.
The measure ranked first in reducing expenditure burden is to "increase the efforts to ensure childbirth and nurturing and study the establishment of a parenting subsidy system." At present, 23 provinces have begun to explore and implement the birth subsidy system at different levels. Starting this month, Hohhot has issued childcare subsidies to qualified families for giving birth to one, two, three and above, and has also adopted a multi-track parallel approach of "issuance in annual and in-stage" and "cash incentive + service burden reduction".
Yang Zhong, deputy director of the Hohhot Municipal Health Commission, introduced that it is expected that through the implementation of the policy, the number of newborns settled in Hohhot City will increase by more than 5% in 2025, and the issuance of parenting allowances can also stimulate parenting consumption demand.
Hangzhou, Zhejiang encourages marriage, love and childbirth through multi-dimensional "support". "Time support", one child, two child and three child will be extended in a layered manner; "financial support", one-time maternity and birth subsidy will be handled online through the "Zheliban" App; "service support", and other support for car purchase and license registration. Experts said that ensuring full coverage of birth subsidies and maximizing the incentive effect of subsidy policies is also an inherent requirement to promote more financial resources to "invest in people". Wang Huibing, deputy director of the Health Commission of Tianmen City, Hubei, said that in response to the economic pressure on people's childbirth, raising, and childcare, the special action plan constitutes a "combination punch". Local finance has invested more than 39 million yuan to encourage childbirth. Experts said that reducing burdens is equivalent to increasing disposable income, and social security expenditure has a multiplier effect. For each additional unit of social security expenditure, more economic activities are driven through consumption and other channels.
