Steps for boosting consumption unveiled

China has fleshed out policy steps to shore up consumer spending, with a focus on increasing people's income and expanding the consumer goods trade-in program, after the country made consumption-boosting efforts its top priority during the recent two sessions, annual meetings of the nation's highest legislative and political advisory bodies.

These pro-consumption initiatives will not only help the world's second-largest economy hit its target of around 5 percent growth this year in the face of external uncertainties, but will also facilitate its transition to a more consumption-led economy, experts said.

The General Office of the Communist Party of China Central Committee and the General Office of the State Council, China's Cabinet, issued a special action plan on Sunday to boost consumption, in an effort to tackle the key challenges affecting consumer confidence and purchasing power.