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Minsheng Bank's Chief Economist Wen Bin: Improving people's livelihood and promoting consumption are the key points and main focus of macroeconomic policy this year. The previous policy of replacing old with new has achieved good results. Recently, the government has also introduced subsidies for child-rearing, personal consumption loans, and interest subsidies for service industry loans. The central bank has also established new tools such as consumer service loans and loans for elderly care, all of these measures are helpful in boosting consumer confidence and tapping into effective consumer demand.