Ministry of Commerce: China's consumption structure is currently at a crucial stage of transformation and upgrading.

Sheng Qiuping, Deputy Minister of Commerce, expressed that at present, China's consumption structure is at a key stage of transformation and upgrading. The development space of sectors such as entertainment tourism, transportation, sports and health, elderly care and childcare is vast. Service consumption will gradually become the dominant type of consumption, playing a more important role in driving economic growth. We will seize this opportunity, coordinate efforts from both supply and demand sides, continuously improve policies supporting service consumption, increase the supply of high-quality services, unleash the potential of service consumption, and better meet the people's needs for a better life.