Wang Wei: A Preview of the Central Economic Work Conference - New measures could be introduced in consumer policies next year.

The Central Economic Work Conference is about to be held, how will economic policies be implemented next year? Wang Wei, former director of the Market Economy Research Institute of the Development Research Center of the State Council and senior researcher, recently stated that expanding domestic demand, especially boosting consumption, will be a top priority in next year's economic work. She emphasized that fiscal policy should increase support for consumption, allowing residents to both have the desire and the ability to consume. From the perspective of consumption, Wang Wei pointed out: "Without enough leisure time, it may be difficult to travel, vacation, or go shopping on weekends." She stated that better implementation of paid leave and flexible paid leave are important conditions for stimulating residents' consumption. In terms of holiday systems, she suggested taking further measures to increase public holidays.